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The S&P 500 has recently had a near-term sell signal triggered, during a week where many Tech stocks -- including Nvidia -- sold off harder than the general markets.
This shouldn't be a cause for major concern. But it explains why the market is down from it all-time high 10 days ago, and may likely have farther to fall until the overbought conditions are fully worked off.
The latest slowing CPE inflation data gave Wall Street a little more hope on Friday that rate cuts may not be pushed as far into the future as has been currently feared.
And this gave a boost to bonds, brining the US 10-year Treasury yield down to 4.5%.
Portfolio manager Lance Roberts and I discuss all this plus his firms latest trades in this week's Market Recap.
#nvidia #nvda #inflation
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Thoughtful Money LLC is a Registered Investment Advisor Solicitor.
We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.
We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
IMPORTANT NOTE: There are risks associated with investing in securities.
Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.
The S&P 500 has recently had a near-term sell signal triggered, during a week where many Tech stocks -- including Nvidia -- sold off harder than the general markets.
This shouldn't be a cause for major concern. But it explains why the market is down from it all-time high 10 days ago, and may likely have farther to fall until the overbought conditions are fully worked off.
The latest slowing CPE inflation data gave Wall Street a little more hope on Friday that rate cuts may not be pushed as far into the future as has been currently feared.
And this gave a boost to bonds, brining the US 10-year Treasury yield down to 4.5%.
Portfolio manager Lance Roberts and I discuss all this plus his firms latest trades in this week's Market Recap.
#nvidia #nvda #inflation
_____________________________________________
Thoughtful Money LLC is a Registered Investment Advisor Solicitor.
We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.
We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
IMPORTANT NOTE: There are risks associated with investing in securities.
Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.
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- Mercedes 2020
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