Markets Erupt as Inflation Cools, Nasdaq Soars 2%, 10-Year Yield Plummets, NVDA Continues Historic Rally!
-Markets rocket on CPI data showing inflation is cooling more than expected
-The Nasdaq gaps up almost 2% and the 10 yr yield collapses
-NVDA is up for its 11th straight up day with a quarter trillion gain in market cap!
Did you see this coming? Let Gareth know in the comments!
#stocks #stockmarket #nasdaq100 #trader #investor #trading #profits
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In an unexpected turn of events, markets erupted as inflation cooled and the Nasdaq soared by 2%, while the 10-year yield plummeted. The rally was further fueled by NVDA’s continued surge, making it a day of surprises and strong gains for investors.
The sudden surge in the Nasdaq came as a relief for many investors, who had been worried about the impact of rising inflation on tech stocks. The index’s 2% jump was a welcome sign of resiliency for the sector, as it had been under pressure in recent weeks due to concerns about inflation and potential interest rate hikes.
At the same time, the 10-year yield took a nosedive, dropping to its lowest level in over a month. This sudden drop in yields was a boon for growth stocks, as it made borrowing cheaper and reduced the pressure on technology and other high-growth companies. The unexpected move was seen as a vote of confidence by bond investors in the Federal Reserve’s ability to manage inflation without derailing economic growth.
Meanwhile, NVDA, the chipmaker giant, continued its impressive rally, adding to the positive sentiment in the market. The company’s stock price has been on a tear in recent weeks, driven by strong demand for its products and optimism about its future growth prospects. The continued rally of NVDA further boosted investor confidence in the tech sector and contributed to the overall market surge.
The market’s reaction to the cooling inflation and plummeting yields highlights the delicate balance that investors and policymakers are currently navigating. While inflationary pressures remain a concern, the market’s positive response to the recent developments suggests that there is still optimism about the economy’s ability to withstand potential headwinds.
Overall, the market’s strong performance in the face of recent uncertainties is a testament to the resilience of the U.S. economy and the adaptability of investors. While challenges and uncertainties remain, the market’s eruption and the Nasdaq’s surge are a reminder that investors are always ready to seize opportunities and adapt to changing conditions. As always, it’s important for investors to remain vigilant and stay informed about the latest developments to make informed decisions about their investments.
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
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thanks
MSFT 5 year chart shows a perfect cup and handle and you're heavily short. It proves you can interpret the charts however you want based on your feelings.
I have always wondered what is the purpose of these channels stating the facts after all have happened
Gareth, I think you should address the elephant in the room. The big tech shorts you've been accumulating since early 2023 have not been playing out. You've been ignoring stops and doubling down. Your portfolio is over 50% short on a single sector which continues to flourish.
My shorts, are on fire.
Did not you see that we are going down just yesterday lol
Market is disgusting and It is a casino at this point. It has turned to a game where its all about how the FED, congress and banks can f**k you over.
Gareth are you still holding your $NVDA short at $280?
a lot of people trusted his prediction about market collapse, btc below 15k and crap like this… I feel sorry for them. one of the worst analyst on youtube.
Everybody dumping btc to buy stocks it seems
Does anyone else see a bullish cup and handle on the weekly SPY and QQQ? False or True Pattern?
Anything to fake pump the market. What a joke. It is full on manipulation. This will end with the biggest crash ever.
LOL..inflation hasnt cooled! Headline was down by .1%! YOY is still 3.2% and Core is 4%. Looks like the bottom is in..expect further upside in CPI going forward even as the economy slows down.
Need more short sellers. Or we cant go higher. 🙁 come on man !
So this must be the final move before capitulation begins