More Confirmation the Market Doesn't Care About Data

February 29, 2024

The S&P 500 and bond markets were both rallying this morning - the markets shrugged off a higher-than-expected reading of the PCE. 

If you remember, yesterday I said Nvidia was at risk of hitting a critical level. It did hit that number today but managed to catch a bid - it remains to be seen if the stock (and therefore the market) can keep it together. The mega-cap chipmaker was pulling virtually the entire NASDAQ higher as we watched. 

But most of the Magnificent 7 tech stocks were either tepidly up or even down this morning, feeling that pressure we’ve been talking about.

TheoTrade Daily Chatroom Schedule for Friday, March 1, 2024
9:20 AM to 10:30 AM: Don Kaufman
10:30 AM to 11:30AM: Prof. Jeff Bierman
11:30 AM to 12:30 PM: Blake Young
12:30 PM to 1:15 PM: Gianni DiPoce
1:15 PM to 2 PM: Brandon Chapman
2 PM to 3 PM: Tony Rago
3 PM to 4 PM: Corey Rosenbloom

Slash Risk and Boost Returns: Learn How with This
Around 600 people watched my “Catapult” trading presentation the other day… but I’ve been hearing a bunch of you missed it. Can’t have that - go here and catch the replay. It could well change your life…

The Companies Maximizing Growth Right Now
Growth is good. Growth is higher stock prices. Bigger profits. Smart growth is best of all. These are the firms you can own and trade today that are doing it right. Watch… 

We’ll talk again soon,

Don Kaufman
Co-founder, TheoTrade