Well written opinion piece and

Well written opinion piece and worth paying heed to.

My view is last Friday's movement was a breather, not the correction, and a healthy one at that. Which means, I feel the bull run is not over yet.

But it is also always good to watch carefully and be ready to take actions. Either ways.

Is Nvidia's Slide a Sign of a Market Top?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Manjab
03-11
Manjab
Slow and steady wins the race

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372

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Which means, I feel the bull run is not over yet.&nbsp;</p>\n<p>But it is also always good to watch carefully and be ready to take actions. Either ways.</p></body></html>","htmlText":"<html><head></head><body><p>Well written opinion piece and worth paying heed to.&nbsp;</p>\n<p>My view is last Friday's movement was a breather, not the correction, and a healthy one at that. Which means, I feel the bull run is not over yet.&nbsp;</p>\n<p>But it is also always good to watch carefully and be ready to take actions. Either ways.</p></body></html>","text":"Well written opinion piece and worth paying heed to. My view is last Friday's movement was a breather, not the correction, and a healthy one at that. Which means, I feel the bull run is not over yet. But it is also always good to watch carefully and be ready to take actions. Either ways.","highlighted":1,"essential":1,"paper":1,"likeSize":372,"commentSize":1,"repostSize":9,"favoriteSize":0,"link":"https://ttm.financial/post/283067261726904","repostId":2418402873,"repostType":2,"repost":{"id":"2418402873","kind":"news","pubTimestamp":1710136800,"share":"https://www.laohu8.com/m/news/2418402873?lang=&edition=full","pubTime":"2024-03-11 14:00","market":"us","language":"en","title":"Is Nvidia's Slide a Sign of a Market Top?","url":"https://stock-news.laohu8.com/highlight/detail?id=2418402873","media":"TheStreet","summary":"Is Nvidia's slide a sign of a market top?","content":"<html><head></head><body><p>The chipmaker has been one of the hottest U.S. stocks since the end of 2022. In midst of market euphoria, a surprise slump in the shares leads to investor unease.</p><p>Few big stocks have performed for investors like Nvidia has since the end of the big market slump of 2022. </p><p style=\"text-align: start;\">The shares are up nearly 500% since 2023 opened. They&#39;re up 77% this year alone, seemingly immune from any kind of market worries. </p><p style=\"text-align: start;\">A close of $1,000 seemed inevitable on March 8. Maybe its market, now north of $2 trillion could even challenge the giant market caps of Microsoft and Apple.</p><h2 id=\"a-big-investor-blink\" style=\"text-align: start;\">A big investor blink</h2><p style=\"text-align: start;\">But, mid-morning Friday, the stock tipped over from an all-time high of $974, falling more than 11% before rebounding to $875.28. The 5.6% loss on the day was Nvidia&#39;s biggest since May 2023.  </p><p style=\"text-align: start;\">That slump may weigh on markets this coming week in part because Nvidia wasn&#39;t alone on Friday. Amazon.com, Microsoft, Meta Platforms and Tesla also fell. </p><p>The major averages — S&amp;P 500, the Dow Jones industrials, the Nasdaq Composite, Nasdaq-100 — all slipped as well on the day and for the week. </p><p style=\"text-align: start;\">It&#39;s worth noting that the S&amp;P 500 hit a new closing high on Thursday but was a loner. The Dow&#39;s record close of 39,131 came on Feb. 23. The Nasdaq and Nasdaq-100 had  record-high closes on March 1.  </p><p>For lack of a better word, call this a blip, but it may be more than a blip because one of the contributors to it has been a monumentally hot stock. </p><p style=\"text-align: start;\">And the recent highs come at roughly the 24th anniversary of when the Nasdaq hit its then-peak of 5,048.62 on March 10, 2000. The dot.com bust erupted later that year.</p><p style=\"text-align: start;\">So investors will be watching stocks this week because of the blip.</p><h2 id=\"inflation-reports-will-be-important\" style=\"text-align: start;\">Inflation reports will be important</h2><p style=\"text-align: start;\">The focus on stocks may be a little more intense for two more reasons. </p><ul style=\"\"><li><p>The most important earnings reports for the fourth quarter have come out. This week features tech reports from Oracle on Monday, Adobe on Thursday and Jabil on Friday, home builder Lennar and discount retailers Dollar General and Dollar Tree.</p></li><li><p>The most important economic report of the month is out — the monthly jobs report. There are two important inflation reports due this week and the monthly report on retail sales. </p></li></ul><p style=\"text-align: start;\">The earnings season has been good overall.</p><p>Nvidia&#39;s was, of course, the star, with huge revenue and earnings gains and the assertion by CEO Jensen Huang that artificial intelligence will be as profound a game changer in computing as the Internet was in the 1990s. </p><p>The jobs report showed job growth up by 275,000 with a small rise in the unemployment rate to 3.9%. The latter appears to reflect more people looking for jobs. Both reports will be revised, possibly lower over the next two months. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c802c9cc9d7a290a67ad1fd00938174b\" alt=\"A worker arranges piping in a warehouse.\" title=\"A worker arranges piping in a warehouse.\" tg-width=\"1200\" tg-height=\"675\"/><span>A worker arranges piping in a warehouse.</span></p><p>That assumes the Consumer Price Index due Tuesday and the Producer Price Index on Thursday don&#39;t surprise to the upside. Both are expected to show inflation edging closer to the Federal Reserve&#39;s 2% annual target.</p><p>If the estimates hold, the reports should not present a roadblock to the Federal Reserve&#39;s goal to cut interest rates this year. </p><h2 id=\"recession-what-recession\" style=\"text-align: start;\">Recession? What recession? </h2><p style=\"text-align: start;\">One other point. Business confidence is strong.</p><p style=\"text-align: start;\">Even if a number of executives continue to fret about a potential recession, the word &#34;recession&#34; has receded in use during earnings season.</p><p style=\"text-align: start;\">FactSet&#39;s John Butters noted in a blog post the earnings season &#34;will mark the lowest number of S&amp;P 500 companies citing &#39;recession&#39; on earnings calls for a quarter&#34; since the fourth quarter of 2021. </p><h2 id=\"interest-rates-fall-back\" style=\"text-align: start;\">Interest rates fall back</h2><p style=\"text-align: start;\">Meanwhile, interest rates drifted lower this past week. The 10-year Treasury yield fell to 4.08% from 4.2% the week before and a near-term high of 4.33% on Feb. 22. Mortgage rates drifted a bit lower as well. </p><p style=\"text-align: start;\">Crude oil prices also slipped.</p><p style=\"text-align: start;\">Crude finished at $78.01 on Friday, down 92 cents on the day and 2.45% on the week. </p><p>Retail gasoline rose about 2% but were falling over the weekend.</p><p style=\"text-align: start;\">Keep an eye this week on whether a $1 billion cash infusion into New York Community Bancorp stabilizes worries about a possible collapse.  </p><p style=\"text-align: start;\">An investor group led by former Treasury Secretary Steve Mnuchin agreed to help the regional bank struggling with earnings woes, management shakeup and fears of bigger problems.</p></body></html>","source":"thestreet_crypto_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Nvidia's Slide a Sign of a Market Top?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nvidia's Slide a Sign of a Market Top?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-11 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3LnRoZXN0cmVldC5jb20vaW52ZXN0aW5nL2lzLW52aWRpYXMtc2xpZGUtYS1zaWduLW9mLWEtbWFya2V0LXRvcC3SAQA?oc=5><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The chipmaker has been one of the hottest U.S. stocks since the end of 2022. In midst of market euphoria, a surprise slump in the shares leads to investor unease.Few big stocks have performed for ...</p>\n\n<a href=\"https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3LnRoZXN0cmVldC5jb20vaW52ZXN0aW5nL2lzLW52aWRpYXMtc2xpZGUtYS1zaWduLW9mLWEtbWFya2V0LXRvcC3SAQA?oc=5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4567":"ESG概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4527":"明星科技股","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4543":"AI","NVDA":"英伟达","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","BK4550":"红杉资本持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC",".DJI":"道琼斯","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4592":"伊斯兰概念","BK4551":"寇图资本持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC",".IXIC":"NASDAQ Composite","BK4503":"景林资产持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H",".SPX":"S&P 500 Index","BK4581":"高盛持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4549":"软银资本持仓","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0079474960.USD":"联博美国增长基金A","BK4548":"巴美列捷福持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0080751232.USD":"富达环球多元动力基金A","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4554":"元宇宙及AR概念","LU0234572021.USD":"高盛美国核心股票组合Acc"},"source_url":"https://news.google.com/rss/articles/CBMiTGh0dHBzOi8vd3d3LnRoZXN0cmVldC5jb20vaW52ZXN0aW5nL2lzLW52aWRpYXMtc2xpZGUtYS1zaWduLW9mLWEtbWFya2V0LXRvcC3SAQA?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2418402873","content_text":"The chipmaker has been one of the hottest U.S. stocks since the end of 2022. In midst of market euphoria, a surprise slump in the shares leads to investor unease.Few big stocks have performed for investors like Nvidia has since the end of the big market slump of 2022. The shares are up nearly 500% since 2023 opened. They're up 77% this year alone, seemingly immune from any kind of market worries. A close of $1,000 seemed inevitable on March 8. Maybe its market, now north of $2 trillion could even challenge the giant market caps of Microsoft and Apple.A big investor blinkBut, mid-morning Friday, the stock tipped over from an all-time high of $974, falling more than 11% before rebounding to $875.28. The 5.6% loss on the day was Nvidia's biggest since May 2023.  That slump may weigh on markets this coming week in part because Nvidia wasn't alone on Friday. Amazon.com, Microsoft, Meta Platforms and Tesla also fell. The major averages — S&P 500, the Dow Jones industrials, the Nasdaq Composite, Nasdaq-100 — all slipped as well on the day and for the week. It's worth noting that the S&P 500 hit a new closing high on Thursday but was a loner. The Dow's record close of 39,131 came on Feb. 23. The Nasdaq and Nasdaq-100 had  record-high closes on March 1.  For lack of a better word, call this a blip, but it may be more than a blip because one of the contributors to it has been a monumentally hot stock. And the recent highs come at roughly the 24th anniversary of when the Nasdaq hit its then-peak of 5,048.62 on March 10, 2000. The dot.com bust erupted later that year.So investors will be watching stocks this week because of the blip.Inflation reports will be importantThe focus on stocks may be a little more intense for two more reasons. The most important earnings reports for the fourth quarter have come out. This week features tech reports from Oracle on Monday, Adobe on Thursday and Jabil on Friday, home builder Lennar and discount retailers Dollar General and Dollar Tree.The most important economic report of the month is out — the monthly jobs report. There are two important inflation reports due this week and the monthly report on retail sales. The earnings season has been good overall.Nvidia's was, of course, the star, with huge revenue and earnings gains and the assertion by CEO Jensen Huang that artificial intelligence will be as profound a game changer in computing as the Internet was in the 1990s. The jobs report showed job growth up by 275,000 with a small rise in the unemployment rate to 3.9%. The latter appears to reflect more people looking for jobs. Both reports will be revised, possibly lower over the next two months. A worker arranges piping in a warehouse.That assumes the Consumer Price Index due Tuesday and the Producer Price Index on Thursday don't surprise to the upside. Both are expected to show inflation edging closer to the Federal Reserve's 2% annual target.If the estimates hold, the reports should not present a roadblock to the Federal Reserve's goal to cut interest rates this year. Recession? What recession? One other point. Business confidence is strong.Even if a number of executives continue to fret about a potential recession, the word \"recession\" has receded in use during earnings season.FactSet's John Butters noted in a blog post the earnings season \"will mark the lowest number of S&P 500 companies citing 'recession' on earnings calls for a quarter\" since the fourth quarter of 2021. Interest rates fall backMeanwhile, interest rates drifted lower this past week. The 10-year Treasury yield fell to 4.08% from 4.2% the week before and a near-term high of 4.33% on Feb. 22. Mortgage rates drifted a bit lower as well. Crude oil prices also slipped.Crude finished at $78.01 on Friday, down 92 cents on the day and 2.45% on the week. Retail gasoline rose about 2% but were falling over the weekend.Keep an eye this week on whether a $1 billion cash infusion into New York Community Bancorp stabilizes worries about a possible collapse.  An investor group led by former Treasury Secretary Steve Mnuchin agreed to help the regional bank struggling with earnings woes, management shakeup and fears of bigger problems.","news_type":1},"isVote":1,"tweetType":1,"viewCount":650,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":234,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":283161155477504,"commentId":"283161155477504","gmtCreate":1710159651603,"gmtModify":1710159656454,"authorId":3581993376196820,"author":{"id":3581993376196820,"idStr":"3581993376196820","authorId":3581993376196820,"name":"Manjab","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":283067261726904,"objectIdStr":"283067261726904","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Slow and steady wins the race","text":"Slow and steady wins the race","html":"Slow and steady wins the race","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/283067261726904"}