Market is still uncertain this week
$NVIDIA (NVDA.US)$ - last major event this week is Jackson Hole.. when big Papa Powell will be out to make his speech.. depending on his tone, hawkish or dovish.. we shall see if the bulls will be back to pull the market back up or not.. after earnings report all major AI related tech stock spiked like $Tesla (TSLA.US)$ , $Microsoft (MSFT.US)$ , $Amazon (AMZN.US)$ , $Alphabet-C (GOOG.US)$ , $Meta Platforms (META.US)$ …
Last Quarter we saw AI tech related stock carrying the whole stock market.. there is still a possibility that this will happen again after nvda earnings report…which nvda shows an outstanding performance… the question is how long will this maintain..
we are reaching end of august and going into the toughest month soon, historically the bears rule Sept over the past decade.. uncertainty will be still be there depending on how Papa Powell strikes..
most are expecting another interest rate hike in Sept, but from the fomc minutes of meeting, we do see that there are some dovish feds think otherwise.. anything can happen but we got to see.. the market needs a push right now after a tough start of the quarter… China market ain’t performing as well.. hopefully more positive news will come out from Jackson Hole event that will help to stablise not just the US market but global as well..
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I ain’t any guru… i follow technicals and trend line of the market
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JonSnow : He will be neither of both, just neutral realistic.
美君 : Basically, it's already dovish.
A New Bull Market Begins Again
Because the third season of NVDA is even stronger
Eric 8128 : Neutral, it won't have much impact
SPACELIGHT : There is nothing more torturous than uncertainty, I'm certain of that.
peace24z SPACELIGHT : The stock market is like this. It all depends on analysis, and there is still some luck. Very playful mentality, ups and downs