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☆ Roundup: Guardians overcome Cubs' 9th-inning rally, win in 10
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +11 min

Chicago then erased a 6-2 hole by scoring four times against Guardians All-Star closer Emmanuel Clase in the ninth. Boston right-hander Garrett Whitlock (right elbow tightness) allowed one run before being removed after the first inning, and Chris Martin (2-1) earned the win with a 1-2-3 eighth. Blake Sabol hit a two-run, pinch-hit homer as part of the Giants' short-lived, three-run rally in the seventh. Matching a season high with seven innings, Singer allowed one run on four hits to collect his first win since June 4. In 3 2/3 innings, Los Angeles starter Tony Gonsolin (4-3) allowed four runs on six hits with three walks and three strikeouts.

Persons: Josh Naylor, Naylor, Adbert Alzolay, Sam Hentges, Aaron Civale, Christopher Morel, Chicago, Emmanuel Clase, Jared Young, Cam Gallagher, Trey Mancini, Cody Bellinger, Alex Verdugo, Jarren Duran, Garrett Whitlock, Chris Martin, Verdugo, Jordan Romano, Brandon, Pete Alonso, Alonso, Tommy Pham, hadn't, Blake Sabol, Luis Matos, Jordan Westburg, Aaron Hicks, Jhoan Duran, Felix Bautista, Sonny Gray, Willi Castro, Cole Irvin, Tyler Stephenson, Nick Martinez, Stephenson, Joey Votto, Andrew Abbott, Seong Kim, Fernando Tatis Jr, William Contreras, Monasterio, Colin Rea, Devin Williams, Nick Gonzales, Josh Palacios, Orlando Arcia, Ozzie Albies, Travis d'Arnaud, Spencer Strider, Sandy Alcantara, Stone Garrett, Jeimer Candelario, Trevor Williams, Nick Castellanos, Realmuto, Bryce Harper, Brandon Marsh, Ranger Suarez, Brady Singer, Nicky Lopez, Singer, Maikel Garcia, Tony Gonsolin, David Peralta, Jordan Montgomery, Louis, Brendan Donovan, Gerrit Cole, Gleyber Torres, Chas McCormick's, McCormick, Josh Sborz, Hector Neris, Aroldis Chapman, Andrew Heaney, Shohei Ohtani, Mickey Moniak's, Zac Gallen, Moniak, Jose Caballero, Eugenio Suarez, Tom Murphy, Andres Munoz, Paul Sewald, Randy Arozarena, Isaac Paredes, Jason Adam, Zach Remillard, Jake Burger, Eloy Jimenez, Tony Kemp, JJ Bleday, Seth Brown, Brent Rooker, Tyler Wade, Javier Baez, Jake Marisnick, Spencer Torkelson, Kerry Carpenter, Jake Rogers, Zach McKinstry, Matt Vierling, Matt Manning, Randal Grichuk, Ryan McMahon, Harold Castro, Kris Bryant, Jurickson, Connor Seabold Organizations: Cleveland Guardians, Chicago Cubs, Chicago, Cleveland, Cubs, Red Sox, Blue Jays, Boston, Toronto, Brandon Belt, Mets, Giants, New, San Francisco, Derby, Philadelphia Phillies, Orioles, Minnesota, The Orioles, Baltimore, Reds, Padres, Cincinnati, San Diego, Brewers, Pirates, Milwaukee, Pittsburgh, Braves, Marlins, Orlando, Atlanta, Miami, The Braves, Nationals, Phillies, Philadelphia, Royals, Dodgers, Kansas City drubbed, The Dodgers, Cardinals, Yankees, New York, Astros, Rangers, Houston, Texas, Diamondbacks, Arizona, Mariners, Rays, Seattle, Tampa Bay, White Sox, Athletics, Oakland, Angels, Tigers, Rockies, Detroit, Colorado, Thomson Locations: New York, San, Baltimore, Minnesota's, Washington, J.T, Kansas, Kansas City drubbed Los Angeles, Angeles, Montgomery, Texas, Arlington , Texas, Los Angeles, Anaheim , Calif, California, Anaheim, Denver

☆ Wall St Week Ahead After first-half rally, stocks' July winning streak on the line
▼ + stars: | 2023-06-30 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 defied recession fears and a U.S. banking crisis to notch a 15.9% gain in the first half. The S&P 500 (.SPX) has posted a positive return in eight consecutive Julys, and the tech-heavy Nasdaq 100 index (.NDX) has climbed in July for 15 straight years. S&P 500 companies are expected to post an overall drop in earnings of 5.7% from the year-earlier period, according to Refinitiv IBES. The S&P 500 is trading at 19.1 times forward earnings estimates, well above its historic average P/E of 15.6 times, according to Refinitiv Datastream. "At some point, this move in interest rates has got to have some consequences for the markets," Matt Maley, chief market strategist at Miller Tabak, said in a note on Friday.

Persons: Brendan McDermid, ”, Mona Mahajan, Edward Jones, Omar Aguilar, Refinitiv IBES, “, John Lynch, Refinitiv, Matt Maley, Miller Tabak, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal, Nasdaq, ” Reuters, American Association of, Fed, Schwab Asset Management, Apple, Microsoft, Nvidia, Comerica Wealth Management, Treasury, Deutsche Bank, UBS Global Wealth Management, UBS, Thomson Locations: New York City, U.S

☆ These tiny Japanese pick-up trucks that cost about $5,000 are winning fans in America
▼ + stars: | 2023-06-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Tiny Japanese trucks that cost as little as $5,000 are winning over some Americans. It's not just tiny homes taking America by storm – now tiny trucks made in Japan are becoming increasingly popular too. The tiny trucks are a common sight on Japanese roads, but they've also won over some Americans wanting a versatile, compact – and cheap – vehicle. The cheapest Kei truck sold by Japan Car Direct is about $5,000, with shipping costs accounting for much of that sum. Japan Car Direct and its competitors will walk customers through the import process, which requires several forms to be completed.

Persons: they've, It's, Kei, Subaru Sambar, Suzuki, Matt Matusiak, we've, Matusiak, there's Organizations: Japan, Morning, Daihatsu, Subaru, Mitsubishi, Honda, Nissan, of Transportation, Environmental Protection, Vehicles, Twitter Locations: America, Japan, Pennsylvania

☆ A Rare Matchup of Aces Adds ‘Extra Buzz’ to Subway Series
▼ + stars: | 2023-06-14 | by ( Matt Martell | ) www.nytimes.com time to read: +1 min

Nearly eight years ago, the Pittsburgh Pirates began a three-game series on the road against the Detroit Tigers with a 5-4 win in 14 innings. Yankees Manager Aaron Boone said he expects the matchup between veteran aces to add “a little extra buzz” to the crosstown rivalry. Cole and Verlander will always be linked for the two seasons they bullied major league batters while anchoring the Houston Astros’ starting rotation. In 2018 and 2019, the two years Cole spent with the Astros, Houston’s co-aces combined to go 72-25 with a 2.62 E.R.A. In 2019, they led the Astros to their second American League pennant in three seasons, though they lost the World Series to the Washington Nationals in seven games.

Persons: Gerrit Cole, Justin Verlander, Aaron Boone, Cole, Verlander, Houston’s, Cy Young Organizations: Pittsburgh Pirates, Detroit Tigers, Comerica, Yankees, Verlander’s Mets, Citi Field, Tuesday, Houston Astros, Astros, American League, Washington Nationals

☆ Stocks are at a new high, but Wall Street’s fear gauge is raising eyebrows
▼ + stars: | 2023-06-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Since the VIX normally is used as a "fear gauge", he noted that was unusual, and asked what might have caused that. Remember, it is a measure of near-term (30-day) activity for S & P 500 put and call options. However, the put/call ratio has been low recently, between 0.7 and 0.8, as traders have been buying calls, betting the market will keep rising. Eric Johnston at Piper Sandler agrees: "The call buying has been very strong as investors chase upside," he told me. The recent events are that the market is rising, so the urge to buy protection declines: "When institutions get nervous, they seek protection in VIX.

Persons: Joe Zicherman, Tuesday's, Matt Maley, Miller Tabak, There's, Mike O'Rourke, O'Rourke, Eric Johnston, Piper Sandler, it's, Danny Kirsch, Steve Sosnick Organizations: Fed, Jones, Interactive Brokers Locations: VIX

☆ It’s All Fun and Games Until Someone Gets Hurt
▼ + stars: | 2023-06-11 | by ( Matt Martell | ) www.nytimes.com time to read: +1 min

In the movie “Moneyball,” Peter Brand, a baseball analyst played by Jonah Hill, has a mantra for the type of player his team covets. “He gets on base,” Brand says when his boss points at him. The movie, like the Michael Lewis book upon which it is based, is about the rise of sabermetrics in Major League Baseball. It is the story of a group of outsiders who take on the baseball establishment by following a core belief rooted in an expression you can hear at any Little League game: A walk is as good as a hit. The math of the strategy is easy enough to explain.

Persons: Peter Brand, Jonah Hill, ” Brand, Michael Lewis, Pete Alonso, Charlie Morton Organizations: Major League Baseball, Little League, Mets

☆ Advance Auto Parts is the stock you need to avoid: Miller Tabak’s Matt Maley
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdvance Auto Parts is the stock you need to avoid: Miller Tabak’s Matt MaleyMatt Maley, chief marketing strategist at Miller Tabak, joins ‘The Exchange’ to discuss Advance Auto Parts as the stock is on pace for its worst day ever as the company posted a huge earnings miss.

Persons: Miller, Matt Maley Matt Maley, Miller Tabak

☆ MLB roundup: Cubs clamp down on Rays again
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +11 min

Mariners right-hander Logan Gilbert (3-3) lasted just four innings, giving up seven runs -- five earned -- on seven hits with one walk and four strikeouts. Senga (5-3) struck out nine in a career-high seven innings. Texas starter Martin Perez gave up six runs and seven hits in 4 2/3 innings. Detroit's Alex Faedo (1-3) was charged with six runs on seven hits in 4 1/3 innings. Milwaukee right-hander Adrian Houser (1-1) allowed seven runs (six earned) and a career-high 11 hits in 4 1/3 innings.

Persons: Kyle Hendricks, Matt Marton, Mike Tauchman's tiebreaking, Hendricks, Julian Merryweather, Mark Leiter, Adbert Alzolay, Austin Riley, Seth Brown, Raisel Iglesias, Brown, Ramon Laureano, JJ Bleday, Jonah Bride, Riley, Kevin Pillar, Aaron Judge, Judge, Anthony Volpe, Greg Allen, Nestor Cortes, Logan Gilbert, Alex Bregman, Chas McCormick, Brandon Bielak, pouncing, Joe Ryan, Christian Vazquez, Anthony Santander, Gunnar Henderson, Henderson, Kyle Gibson, Josh Naylor, Josh Bell, Kodai Senga, Francisco Lindor, Eduardo Escobar, Kody Clemens, Josh Harrison, Andrew Vaughn, Romy Gonzalez, Jake Burger, Luis Robert Jr, Lucas Giolito, Tyler Anderson, Taylor Ward, Shohei Ohtani, Freddie Freeman, Tony Gonsolin, Jason Heyward, J.D, Martinez, Freeman, Keibert Ruiz, Jake Irvin, Jonah Heim, Grant Anderson, Josh Jung, Adolis Garcia, Miguel Cabrera, Riley Greene, Martin Perez, Detroit's Alex Faedo, Xander Bogaerts, Bogaerts, Dylan Floro, Juan Soto, Matt Carpenter, Bryan De La Cruz, Sandy Alcantara, National League Cy Young, Whit Merrifield, Alejandro Kirk, Vladimir Guerrero Jr, Yusei Kikuchi, Adrian Houser, William Contreras, Miles Mikolas, Louis, Giovanny Gallegos, Nolan Arenado, Nolan Gorman, Zack Greinke, Carlos Hernandez, Jose Barrero, Ben Lively, Joely Rodriguez, Will Benson, Raimel Tapia, Rafael Devers, Justin Turner, Masataka Yoshida, Turner, Alexis Diaz, Casas, Zac Gallen, Arizona's, Ketel Marte, Corbin Carroll, Evan Longoria, Marte, Kyle Freeland, Freeland, Nolan Jones, Johan Oviedo, Rodolfo Castro, San Francisco, Connor Joe, Oviedo, Joe, John Brebbia, Michael Conforto's, Mike Yastrzemski, Davis Organizations: Chicago Cubs, Tampa Bay Rays, Wrigley, New York Mets, Cubs, MLB, Rays, Chicago, Athletics, Braves, Oakland, Atlanta, Mariners, Seattle, American League, Yankees, New, Astros, Houston, Orioles, Baltimore, Cleveland, Santander, Guardians, Mets, Phillies, White Sox, Angels, Los, Dodgers, Nationals, Los Angeles, Washington, Rangers, Tigers, Texas, Detroit, Padres, Marlins, Diego, Miami, National League, Blue Jays, Brewers, Toronto, Milwaukee, Cardinals, Royals, Kansas City, Reds, Red Sox, Cincinnati, Boston, Diamondbacks, Rockies, Colorado, Gallen, Pirates, Giants, Pittsburgh, San, Thomson Locations: Chicago , Illinois, USA, Atlanta, New York, Minnesota, York, Philadelphia, Chicago, Los Angeles . Chicago, Washington, Detroit, Texas, San Diego ., Diego, Phoenix

☆ Bitcoin just hit a 2-month low and posted its worst week of the year. Here's what analysts say happens next.
▼ + stars: | 2023-05-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The largest crypto asset by market cap lost 11.25% for the week, its worst since November, according to Coin Metrics. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. "Bitcoin has switched between the narrative of a risk asset and the narrative of a flight to safety asset. BTC.CM= 5D mountain Bitcoin (BTC) this week For the past few days, bitcoin has ended down to flat. Bitcoin is still up 59% for the year, but down about 7% for the quarter so far, according to Coin Metrics.

☆ Private-credit firms see opportunity as banks tighten lending
▼ + stars: | 2023-05-10 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +2 min

May 10 (Reuters) - Private-credit firms are eyeing fresh opportunities from a potential borrowing squeeze in the United States as battered regional banks tighten lending after the turmoil in the sector, according to fund managers and investment strategists. Such lenders see commercial and residential real estate as particularly attractive, given the prominence of regional banks in these sectors. Regional U.S. banks accounted for about 70% of outstanding loans to the commercial real estate (CRE) sector alone, according to Capital Economics. "Signature was one of the biggest providers of real estate lending in the New York area, commercial real estate is very vulnerable ... as a lender you want to be on the other side of that," Handa said. Many private credit funds have plenty of excess funds, or "dry powder" to invest, said Matt Malone, head of investment management at private investment management firm Opto Investments.

☆ Sebastian Steudtner has turned to science as he chases the world’s biggest waves
▼ + stars: | 2023-05-08 | by ( Matt Majendie | ) edition.cnn.com time to read: +15 min

CNN —Sebastian Steudtner holds the world record for the biggest wave ever surfed. Steudtner holds the world record for the biggest wave ever surfed. Win, win, win or perform, perform, perform. How boring is it to win and win and win? If I want to catch waves, I don’t think about you because you’re in my way, so you’re naturally competitive.

☆ Inaction from congress on debt ceiling 'will be throwing flames on a fire', says Matt Maley
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInaction from congress on debt ceiling 'will be throwing flames on a fire', says Matt MaleyMatt Maley, Miller Tabak + Co. chief strategist, and Eric Johnston, Cantor Fitzgerald head of equity derivatives, join 'Closing Bell Overtime' with reaction to Secretary Yellen's comments on the debt ceiling, U.S. dollar, a possible recession and more.

☆ Maley: The Fed won't cut rates unless something dramatically breaks in the economy
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaley: The Fed won't cut rates unless something dramatically breaks in the economyMiller Tabak + Co.'s Matt Maley discusses how the latest Fed decision impacts the markets.

☆ For Babies Born Dependent on Opioids, Doctors Try New Caregiving Approach
▼ + stars: | 2023-04-30 | by ( Julie Wernau | ) www.wsj.com time to read: 1 min

A caregiver feeding a tiny patient at Hushabye Nursery, which cares for babies in opioid withdrawal. Photo: Matt Martian for The Wall Street JournalThousands of babies are born each year to mothers who are using opioids. The newborns enter the world in withdrawal—some fussy and sweating, others struggling to feed. The treatment, until recently, was to separate the babies from their mothers, start them on morphine, and keep them isolated for days or weeks of intensive care.

☆ For Babies Born Addicted to Opioids, Doctors Try New Caregiving Approach
▼ + stars: | 2023-04-30 | by ( Julie Wernau | ) www.wsj.com time to read: 1 min

☆ Wall St Week Ahead Recession worries simmer beneath US stock market rally
▼ + stars: | 2023-04-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, April 28 (Reuters) - Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. Beneath the surface, however, areas of the market tied to economic sentiment such as transports, semiconductors and small-cap stocks dropped in April, while so-called defensive sectors are outperforming. “People are starting to more defensively position themselves,” said Aaron Dunn, co-head of the value equity team at Eaton Vance. "They are talking about demand being down and they are ridiculously important shipping companies,” said Matt Maley, chief market strategist at Miller Tabak. Reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Earnings at the half point of the season: no sign yet of any collapse
▼ + stars: | 2023-04-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

At the halfway point for earnings, bulls are delighted earnings are coming in stronger than expected and expectations for the second half of the year remain high. With 260 companies in the S & P 500 reporting, 79% are beating expectations, according to Earnings Scout. That is an earnings recession, but the declines — all in the low single digits — are not causing a lot of consternation. Now, on the heels of positive earnings reports, many tech stocks are seeing second quarter earnings estimates rising in the past few weeks, including Microsoft, Meta and Alphabet. The second half of 2023: Record earnings, really?

☆ A Yankees Infielder Fixed His Approach. The Results Should Follow.
▼ + stars: | 2023-04-25 | by ( Matt Martell | ) www.nytimes.com time to read: +1 min

Gleyber Torres was the best player in the Yankees’ lineup over the first two weeks of the season. Through the Yankees’ first 12 games, he was leading the team in batting average (.357), on-base plus slugging percentage (1.179), walks (11) and stolen bases (5). Then the Yankees returned home on April 13, and Torres went into a 2-for-28 skid — a frustrating stretch for a player who has been streaky throughout his career. And as a hitter it’s hard to get caught up in a week’s worth of results. Some weeks you put it on the screws a handful of times and get nothing to show for it.”

☆ San Jose just authorized plans to build a network of autonomous cars hailed via an app to ferry people from its airport to its railway station
▼ + stars: | 2023-04-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

San Jose began soliciting proposals for a link between its airport and its railway station in 2019. On Tuesday, it authorized a plan from a tech firm call Glydways' which makes autonomous cars hailed via app. Autonomous cars will traverse Silicon Valley from as soon as 2028 after San Jose authorized a plan on Tuesday to connect the city's airport with its central railway station, Bloomberg reported. "In a sprawling city like San Jose, local light rail is a tough proposition." "San Jose has recognized that modernizing our ability to move will provide a multitude of opportunities for everyone- access to better jobs, affordable housing, education, healthcare and more," he added.

☆ MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +11 min

Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.

☆ Watch CNBC’s full interview with Miller Tabak's Matt Maley and Wilmington Trust's Meghan Shue
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Miller Tabak's Matt Maley and Wilmington Trust's Meghan ShueMatt Maley, Miller Tabak chief strategist and Meghan Shue, Wilmington Trust head of investment, join 'Closing Bell: Overtime' to discuss this weeks JOLTs report and market reaction.

☆ Bad news for the economy is finally bad news for stocks, says Miller's Matt Maley
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBad news for the economy is finally bad news for stocks, says Miller's Matt MaleyMatt Maley, Miller Tabak chief strategist and Meghan Shue, Wilmington Trust head of investment, join 'Closing Bell: Overtime' to discuss this weeks JOLTs report and market reaction.

☆ Crisis communicators say Trump should smile for his perp walk. He may even want to stage his own.
▼ + stars: | 2023-03-22 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +4 min

Trump is reportedly wondering if he should smile for his perp walk and whether he can be handcuffed. Crisis communicators say "yes" to the smile and "no" to cuffs if he is indicted in New York. If prosecutors decide to march him in front of news cameras for a "perp walk," should he smile? But it's unlikely that the Manhattan district attorney's office will arrange a perp walk for Trump if he's indicted and turns himself in. In that case, Marcucci said he could see Trump organizing a perp walk on his own.

☆ I think there are more to come, says The NY Times' Kate Kelly on bank issues
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think there are more to come, says The NY Times' Kate Kelly on bank issuesThe New York Times' Kate Kelly, Ben Eisen of the Wall Street Journal, George Hammond of The Financial Times and Matt Maley of Miller Tabak join CNBC's Brian Sullivan and 'Last Call' to discuss the current bank crisis and how it's being handled.

☆ Toronto stocks join global selloff as Credit Suisse sparks concerns
▼ + stars: | 2023-03-15 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

March 15 (Reuters) - Canada's resources-heavy main stock index fell on Wednesday, dragged by energy and financial stocks, as Credit Suisse's turbulence sparked renewed concerns of a banking crisis. Global financial stocks slumped once again after a brief relief rally on Tuesday as Credit Suisse (CSGN.S) hit a record low after the Swiss lender's biggest backer said it would not buy any more shares. Energy stocks (.SPTTEN) were the top decliners, falling 5.7%, as oil prices extended losses with Brent crude hitting a three-month low. Financials (.SPTTFS), Canada's largest sector by weight, joined a global selloff in bank stocks, falling 2.2%. Canadian stocks have lost nearly all of their yearly gains in the last few days, with the index now at par after the collapse of U.S. lenders SVB and Signature sparked contagion concerns in global financial stocks.

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