Bitcoin Hits 8-Month High; Nike Removed From S&P 100 After 18 Years


Bitcoin tops $85,000 with an eight-month high as Nike exits the S&P 100 after nearly 18 years; Sozzi discusses earnings cuts, Novo Nordisk fallout, and crypto outlook with guest Eric Jackson.

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What stands out

Sozzi opens with two clear headlines: Bitcoin trading above $85,000 for the first time since January and Nike being removed from the S&P 100 after almost 18 years. He highlights market internals, downside volume at about 54 percent of the New York Stock Exchange, and brings on Eric Jackson, who says he called an August turn near $62,000, forecasts Bitcoin back to $100,000, and prefers Dell to Nvidia into year end. The show also covers a Stifel cut to Nike earnings and a Novo Nordisk capital-markets day that sent shares down as much as 9 percent.