Recovering
The market is recovering from Tues post CPI sell off as SPX reclaimed 5,000 level and closed at another record high.
We are in a very very resilient market.
Interestingly, 5 out of 7 magnificent seven were red yesterday. This is a good sign in my opinion because firstly, they were overbought prior to the latest pullback, so a mini sell off is healthy. Secondly, money seems to be rotating to other stocks and sectors, which helped to improve the breadth of the current rally.
We are in a very very resilient market.
Interestingly, 5 out of 7 magnificent seven were red yesterday. This is a good sign in my opinion because firstly, they were overbought prior to the latest pullback, so a mini sell off is healthy. Secondly, money seems to be rotating to other stocks and sectors, which helped to improve the breadth of the current rally.
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Palantir(PLTR.US$ $Alibaba(BABA.US$ $iShares 20+ Year Treasury Bond ETF(TLT.US$ $Salesforce(CRM.US$ $Arm Holdings(ARM.US$ $Apple(AAPL.US$ $Meta Platforms(META.US$ $Alphabet-A(GOOGL.US$ $Microsoft(MSFT.US$ $Amazon(AMZN.US$ $Netflix(NFLX.US$
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