Michael Santoli
Michael Santoli is a Senior Markets Commentator at CNBC, joining the network in October 2015. Based at CNBC's Global Headquarters in Englewood Cliffs, N.J., Santoli contributes to Business Day programming with regular appearances on ≤Closing Bell≥ (M-F, 3PM-4PM ET) and ≤Closing Bell Overtime≥ (M-F, 4PM-5PM ET). He also contributes to CNBC.com and CNBC PRO, writing articles and creating original digital videos.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
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Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
87%
Examples:
- Nvidia (NVDA) is experiencing significant losses
- The Magnificent Seven stocks have lost over a trillion dollars in market value in a week
- The return was unusually smooth
- The S&P 500 returned 15% in the first half of the year
Deceptions
100%
Examples:
No current examples available.
Recent Articles
Nvidia Leads Tech Sell-Off: Markets Shift Away from Megacaps, Small-Caps Surge
Broke On: Friday, 19 July 2024Investors have rotated out of tech stocks and megacap companies like Nvidia (NVDA), resulting in a $417.3 billion market value loss for the company. This trend, driven by falling inflation and an improving earnings outlook, has led to a 7% surge in the Russell 2000 small-cap index. Smaller companies in sectors such as financials, energy, and real estate have particularly benefited from this shift. S&P 500 Surges 14% in First Half of 2024: Nvidia, Microsoft, and Eli Lilly Lead AI-Driven Stock Market Rally
Broke On: Saturday, 29 June 2024The S&P 500 Index surged 14% in the first half of 2024, driven by AI innovation and improved corporate earnings. Nvidia's shares soared over 150% as a symbol of AI success. Despite recession fears, record-breaking stock market performance continued, with Biden's debate performance drawing investor attention. Microsoft and Eli Lilly also saw revenue growth due to AI demand and successful drug sales.