Yea semis and nvda especially the last 2 weeks have been extremely weak, if nvda rolls over it's going to be quite a show, however I think they will begin to prop it up soon.
This is what the trader is looking in the Feds Meeting Minutes today uptrend - press BUY downtrend - press SELL up and down - press BUY and SELL down and up - press SELL and BUY up and up - press BUY and BUY notrend - press nothing ...
Well the Fed minutes gave what the market wanted to hear: more easing coming up, not aggressive easing but easing nevertheless. The market is going up. Now onto the next number: Core PCE
Yes yes, Nvidia is well ahead of everybody in the AI chip technology. Notice the word AI. You think its stock will go up this high if it is ahead just on regular chips but some other companies like AMD is more ahead on AI chips? And who's fuelling the demand for AI technology with its *cough*robotaxi?
I don't give a fuck about AI or who is ahead. Just what Wall Street is watching. And ATM it is NVDA. Got it?
Ok have fun watching the stock without wanting to know WHY Wall Street watches it. LOL Nice hijacking of my thread btw. LOL
Yup just like you said, PCE is PERFECT!! Right on the dot with the past number and the consensus so I guess the market is going to catapult then. Are you getting onboard?
I don't - uhhh no it is obvious as usual for you, that you have no idea why Wall Street is watching the stock and that it is far more important. Not outdated Fed meeting minutes that were telegraphed in advance.
The result is out - Notrend - so press nothing. Let's see what happens during the coming Asian and European sessions.