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- Market Rotating Out of Nvidia..
Market Rotating Out of Nvidia..
And AI Wars continues
Good Morning. Wall Street started the week on a mixed note. We are seeing some rotation out of the high flying names like NVDA and MSFT. NVDA fell more than 6% in a single day. Overall the S&P 500 dipped after flirting with a new record of 5,500, but its winning streak continue! Before all the permabears get to you, take note that the S&P 500 has gone 378 days without a 2.05%-plus sell-off, the longest stretch for the benchmark since the great financial crisis. Volatility remains low with the market climbing higher.
Broadly, the SP500 is still on a confirmed uptrend. Hence I am continuing to invest until further changes and you will be the first to find out there! Now for some important news this week!