Amit Kukreja
BIG EARNINGS, BURRY IS SHORT, GOV SHUTDOWN FEARS, MARKETS GET HIT | MARKET OPEN
11/4/2025, 12:26:30 PM
Economic Summary
- Markets are showing resiliency and a V-shaped recovery pattern, holding up despite several potentially negative narratives.
- Labor data is uncertain: weekly jobless claims haven't been released for five weeks and JOLTS (BLS) data may also be delayed, which could distort labor market readings and investor responses.
- A government reopening expected by the end of the week (per a representative on CNBC) could reduce political risk and act as a positive catalyst for markets.
Bullish
- Multiple analysts sharply raised Palantir price targets (e.g., BofA 255).
- Representative confident government will open by week’s end, which could boost markets.
Bearish
- Missing weekly jobless claims for five weeks increases data uncertainty and could unsettle markets.
- Various narratives could still take down the market despite current resiliency and V-shaped moves.
Bullish tickers
PLTR
PLTR
8 price targets
255205205188200705045
Bullish
Multiple major banks and brokerages raised Palantir price targets significantly, including Bank of America to 255.
Bearish
Some analysts still maintain sell ratings (e.g., Rishi kept a sell rating despite raising the target from 45 to 50).
People mentioned
Rishi