Schwab Network

Markets Rally on Crude Oil Crush


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Kevin Green dissects current market optimism as early Friday trading squeezes higher "blowing past" his early resistance levels for the day. KG points to this week's economic data and earnings prints as cause for the rally before turning to the latest manufacturing prints topping expectations. Later, KG looks at the schism forming within the Mag 7 as capex concerns hit Meta Platforms (META) and Microsoft (MSFT) while Alphabet (GOOGL) ramps higher. Then, KG looks at crude oil as it drops to the $100 level following reports that Iran sent a new negotiation proposal to the U.S.


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