How NOT Cutting Rates Has Become Wildly Bullish

markets are hanging on any interest rate hopes they can get

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MAY 30, 2024       TUCCI’S TWO CENTS How NOT Cutting Rates Has Become Wildly Bullish Earlier this week, both Nvidia and the NASDAQ composite inked new record highs. The tech-heavy NASDAQ broke through 17,000 for the first time and the king of AI, Nvidia, continued its post-earnings upward tear to reach a record price of $1,140 per share. Today it’s trading even higher. Nvidia is now up 30% in the last month alone! In the broader market, stocks have shifted back and forth. Yesterday the S&P closed flat, and the Dow drifted about .55% lower. This shift back and forth can be mostly attributed to two things: 1. Waning optimism for potential rate cuts 2. AI and high hopes for the technology We will get the Personal Consumption Expenditures (PCE) index on Friday to provide more insight into this situation… We already know the talking points: Many Fed chairs have been beating the drum that we must see inflation cool drastically prior to any changes in interest rate policies. One by one, the Fed chairs have jumped on board to agree with this sentiment, with Minneapolis Fed Chair Neel Kashkari the latest to join the troupe. To me, it’s all noise. I think the carrot of interest rate cuts at the end of the proverbial stick is just that… A way to keep investors constantly hoping for good news without actually delivering anything. — Nate Tucci Feeling like you missed out on the gold surge? (try this) Have you missed out on gold’s astronomical rise this year? Don’t worry! You don’t need to buy and hold gold — and you’re NOT late to the party! One rogue trader has developed a straightforward 3-day “in and out” trade… And it’s allowed him and his followers to target extra income on the hottest asset in the world! Click here to discover the Gold Rush trade! SCOTT WELSH’S TICKER TALES Hartford is Hot (HIG) Where does growth come from? It comes from obvious places and forgotten places. Growth comes from suddenly-demanded AI chips and a disruptive new trend/fad. That one we hear about all the time. But growth also comes from boring companies that everyone needs forever. And every now and then, boring becomes hot. And we’re seeing that in Hartford Financial (HIG). Here’s the chart:   It made a fantastic move from last October through April. And then it pulled back slightly as the market cooled off.  But a break above $103.64 could lead to another big surge. Nothing boring about that. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

MAY 30, 2024 TUCCI’S TWO CENTS How NOT Cutting Rates Has Become Wildly Bullish Earlier this week, both Nvidia and the NASDAQ composite inked new record highs.   The tech-heavy NASDAQ broke through 17,000 for the first time and the king of AI, Nvidia, continued its post-earnings upward tear to reach a record price of $1,140 per share.   Today it’s trading even higher. Nvidia is now up 30% in the last month alone!   In the broader market, stocks have shifted back and forth. Yesterday the S&P closed flat, and the Dow drifted about .55% lower.   This shift back and forth can be mostly attributed to two things: 1. Waning optimism for potential rate cuts 2. AI and high hopes for the technology We will get the Personal Consumption Expenditures (PCE) index on Friday to provide more insight into this situation…   We already know the talking points:   Many Fed chairs have been beating the drum that we must see inflation cool drastically prior to any changes in interest rate policies. One by one, the Fed chairs have jumped on board to agree with this sentiment, with Minneapolis Fed Chair Neel Kashkari the latest to join the troupe.   To me, it’s all noise.     I think the carrot of interest rate cuts at the end of the proverbial stick is just that…   A way to keep investors constantly hoping for good news without actually delivering anything.   — Nate Tucci Feeling like you missed out on the gold surge? (try this)   Have you missed out on gold’s astronomical rise this year?   Don’t worry! You don’t need to buy and hold gold — and you’re NOT late to the party!   One rogue trader has developed a straightforward 3-day “in and out” trade…   And it’s allowed him and his followers to target extra income on the hottest asset in the world!   Click here to discover the Gold Rush trade! SCOTT WELSH’S TICKER TALES Hartford is Hot (HIG) Where does growth come from?   It comes from obvious places and forgotten places.   Growth comes from suddenly-demanded AI chips and a disruptive new trend/fad. That one we hear about all the time.   But growth also comes from boring companies that everyone needs forever.   And every now and then, boring becomes hot.   And we’re seeing that in Hartford Financial (HIG).   Here’s the chart:   It made a fantastic move from last October through April.   And then it pulled back slightly as the market cooled off.    But a break above $103.64 could lead to another big surge.   Nothing boring about that.   We’ll keep an eye on it.   Happy trading, — Scott Welsh   P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to reunisoft.cryptonews@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to reunisoft.cryptonews@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub