Sector Dispersion Across Stocks, Winners & Losers in Tech

For the week ended Feb. 6, DoubleLine Portfolio Manager Eric Dhall and Analyst Mark Kimbrough survey big industry and investment-style dispersions in the stock market (0:43), including winners and losers within tech; more underlying volatility in bonds than meets the eye (5:26); and commodities roiled by volatility as well as dispersion (8:31). They also take note of a massive ongoing decoupling of gold and the “purported digital gold,” bitcoin, that Eric says is putting both mid-tier bitcoin miners and crypto believers to the test. On the macro front (12:41), the brief government shutdown delayed the Bureau of Labor Statistics’ January payroll and unemployment reports to Feb. 11. Mark finds expansionary signs in the ISM manufacturing and services reports for January, while cautioning not to read too much in one month’s data. Looking ahead (19:01) to the week of Feb. 9-13, Eric and Mark will be on the lookout for the January labor reports and consumer price index.