Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets in the day ahead. Today is Thursday, Feb. 15, 2024. The Bottom Line segment of today’s podcast starts at (5:35) for listeners who want to skip ahead.
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State of Play
Stocks gained a little ground yesterday, recovering some of the losses from the previous day’s CPI-fueled sell-off. Earnings after the close provided some mixed results with Cisco Systems (CSCO 0.00%↑) disappointing investors but TripAdvisor (TRIP 0.00%↑) beating estimates. As we look at our board of indicators at 0600, it looks like risk appetite is continuing to recover:
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