$NVIDIA Corp(NVDA)$ Persistent big big swings between bulls and bears in the day. Bears are still selling the perspective that the rate cut is late and it is too late to save the labor market. This week's Fed talks might help to alleviate some of those concerns.
We are seeing strong spike in oil and gas due to energy required by AI data centers, and also triggered by the escalation in Israeli air strikes on Lebanon. Energy stocks maintain red strong going into the election, and valuable for the bears' perspective of a looming recession.
S&P500 has hit all-time high, but Nasdaq is still below it's all-time high in July. We are also seeing a broader market gain in stocks like Nike, Walmart, Alibaba, AirBnB. We don't see any faltering growth or devaluation in the tech segment at the moment. Nasdaq still have strong upside potential that will catch up in Oct-Nov.
We expect to see swings between bulls and bears until more positive job data start to come in. Michelle Bowman is set to deliver her own speech tomorrow regarding her dissent, possibly including her stance on a strong economy.
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