CasualInvestor shared · Nov 4, 2024 22:50

Day 33: Rate Cuts - Monday Blues

Today, we’re seeing some dynamic shifts on $S&P 500 Index (.SPX.US)$ among the Magnificent 7 stocks. Here’s the latest on market movements:

• $NVIDIA (NVDA.US)$ : Leading the pack with a solid +0.99% gain, showing resilience in a turbulent market. In exciting news, Nvidia has overtaken Intel in terms of market capitalization on the Dow Jones index, cementing its place as a major player in the tech industry. This achievement underscores Nvidia’s growth in AI and data center technologies, which has propelled it to new heights. 🏆
• $Meta Platforms (META.US)$ , $Amazon (AMZN.US)$, $Apple (AAPL.US)$ , $Alphabet-A (GOOGL.US)$ : Slight declines around -1%, likely reflecting broader market caution and some profit-taking after recent rallies.
• $Microsoft (MSFT.US)$ : Down by -0.75%, but still holding steady as it navigates the current landscape.
• $Tesla (TSLA.US)$ : A drop of -3.10% today as investors weigh growth expectations amid recent market headwinds.

$NVDA 241115 140.00C$ took profits when opportunity arises to close the position.

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U.S. Elections & Fed Rate Cuts Looming!

With the U.S. elections approaching, there’s anticipation of potential policy shifts. Historically, elections can bring about short-term market volatility, but also long-term opportunities. Adding to the excitement, the Fed’s expected rate cuts could help boost the market, especially for growth-focused sectors like tech. Many are speculating on a 0.25% cut, but recent economic data could lead to a larger adjustment, which would provide additional support for high-growth stocks.

What’s Next?

• Nvidia’s New Leadership on the Dow: Nvidia’s achievement of overtaking Intel is a milestone, reflecting its strong positioning in cutting-edge tech. Investors are bullish on its future potential as it drives forward with AI advancements.
• Optimistic Outlook: Potential rate cuts and election-related policies could create favorable conditions for investors, making this a time of opportunity for the well-prepared.

Stay positive and stay alert! With shifting conditions, strategic moves can lead to significant gains. 🚀📈