Asks if Kevin Warsh's nomination as Fed chair by Trump was surprising.
Diane
Kevin Green
Warsh nomination not surprising; he's known as a hawk focused on inflation and reducing Fed balance sheet.
Kevin Green
Warsh's nomination reduces market uncertainty and could impact volatility.
Kevin Green
Expects USD bid and bear steepener (selling long-duration Treasuries, buying 2-year) over next couple days due to Warsh's past monetary policy stance.
Kevin Green
Senate confirmation could be delayed pending investigations into Powell.
Asks for takeaways on Apple earnings.
Diane
Kevin Green
Apple earnings beat expectations with strong China iPhone sales, but margin concerns are causing pullback.
Kevin Green
Memory market complexities could impact margins over next quarters.
Asks about SanDisk earnings rally.
Diane
Kevin Green
SanDisk smashed expectations with strong guidance, showing pricing power and demand.
Asks about metals move, especially silver.
Diane
Kevin Green
Silver experiencing high volatility due to low liquidity and speculative trades.
Kevin Green
Silver looks top-heavy, down 11% today but could reverse intraday.
Asks for S&P 500 levels to close week/month.
Diane
Kevin Green
S&P 500 upside 7000, support at 6900 then 6800; 6800 puts seeing traction.