Why? Well, people are still worried about another pullback. And that can’t be ruled out, especially as some investors have taken out leverage on some of this year’s biggest momentum stocks. This could lead to more sells in those. BTIG said the Fed pullback seemed to mark the end of a move lower, not the start of another, implying the market sell-off could be over. While Tom Lee says to back up the truck as this is a buying opportunity. But I think we need to be mindful and selective. What I mean by that is—look at stocks that are already down from their highs and now moving up or have catalysts to move higher, such as Nvidia. Shares rose 1.4% overnight, but its stock has been pulling back since November. It’s down 12% after a sell-off, so it’s seeing dip buying. Palantir shares moved up 3.8% overnight. And it just was added to the Nasdaq 100 index.
Maniac Fool : Well shared
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