Nvidia $NVDA and Super Micro $SMCI accounted for more than $4 of every $10 traded among the top 10 most traded companies on Friday.
Source: Bloomberg, Beth Kindig
Worldwide leaders approval rating thru Thomas Wille
G7 leaders rating looks miserable (NB: The President of Switzerland is no longer Alain Berset - Viola Amherd now holds this for the year 2024).
US markets start to speculate if the next Fed move is up, not down - Bloomberg
Investors are beginning to war-game how the Federal Reserve can manage a us economy that just won’t land, with some even debating whether interest-rate hikes will be needed only weeks after a steady run of reductions appeared all but certain. Bets on lower rates coming soon were so prevalent a few weeks ago that Fed Chair Jerome Powell publicly cautioned that policymakers were unlikely to be in position to cut as of March. Less than three weeks later, traders have not only removed March as a possibility but May also looks improbable, and even conviction about the June Fed meeting is wavering, swaps trading shows.
BREAKING: Super Micro Computer, $SMCI, has now lost one third of its value since the February 16th top.
In less than 2 full trading days, $SMCI has lost ~$20 billion in market cap. Still, the stock is trading at levels seen just 5 trading days ago. Even with the decline since Friday, $SMCI is currently up a massive 160% in 2024. Source: The Kobeissi Letter
On this day in 1959 the Dow Jones closed above 600 points for the first time ever
Source :history
If history is any indication, and if we are in a tech bubble, then we still have room left to run, according to Bank of America
source : BofA, barchart
Big Tech Concentration in one chart
The spread of Nasdaq 100 over Nasdaq Composite is near ATH! Source: Bloomberg, HolgerZ
Nvidia’s $NVDA February rally to the $720+ range has taken the stock above the average target price estimate, which sits at just under $700.
"Money time" is on Wednesday (earnings results)... Source: Bloomberg
