To The Moon

23/2 (Thu) ➡️ The VIX dropped 5.16% despite a low unemployment rate, suggesting that investors have either gotten used to bad 🗞🗞🗞 or aren’t considering the macro situation while buying the dip. 🇺🇸 stocks rebounded from early losses, snapping a dayslong sell-off in the S&P 500 that was driven by concerns about the trajectory of interest rates. 👍 The DJIA rose 0.3%, to 33153.91 points after initial declines. 👍 The S&P 500 climbed 0.5% to 4012.32 points, breaking its longest losing streak this year. 👍 The Nasdaq gained 0.7%, & closed at 11590.40 points. NVDA, 1 of the index’s biggest constituents, surged $29.10, or 14%, to $236.64 & lifted the other chip stocks. ⚠️ The gains follow a wave of selling pressure that sent the S&P 500 lower the previous 4 trading days. Concerns that the Fed could lift interest rates higher than previously expected, & maintain them there for longer, have been a key driver of those losses, & have stoked volatility across asset classes. Markets are resisting pull-back but indexes will likely end down📉 ➡️ This is because there has been No Real Positive Economic Data or 👍🗞🗞🗞 (except NVDA’s earnings release) that could have caused the stocks to rebound😰, which is signaling to me that danger ahead me because when reality hits that the Feds have to be much more aggressive, the sell-off will be intense like on 21/2 (Tue). 🔎🔎🔎 Initial Jobless Claims In-Depth: ➡️ The number of Americans filing for unemployment benefits fell by 3,000 to 192,000 in the week ending 18 Feb, below market expectations of 200,000. The 4-week moving average, which removes week-to-week volatility, rose by 1,500 to 191,250. The 4-week moving average, which removes week-to-week volatility, rose by 1,500 to 191,250. ‼️ Latest value of 192,000 remained close to the 9-month low of 183,000 hit at the end of Jan, giving further evidence that the 🇺🇸 labor market remains tight in part to reduced labor force participation. ‼️ A tight labour market could force employers to raise wages to attract & keep staff, adding to further inflationary pressure, & the need for Feds to be more aggressive in their rate hike campaign. ⚠️ Lay-offs in the tech sector had not caused an increased in jobless claims (see photo). 🔎🔎🔎 GDP In-Depth: (1) The 🇺🇸 GDP price index, which measures changes in the prices of goods & services produced, increased 3.9% on quarter to a record high of 129.381 index points in Q4 2022. (2) The 🇺🇸 economy expanded an annualised 2.7% on quarter in Q4 2022, slightly below 2.9% in the advance estimate. (3) Considering full 2022, the GDP expanded 2.1%. ➡️ Consumer spending rose 1.4%, the least since Q1 2022 & below 2.1% in the advance estimate. ➡️ Spending on goods went down 0.5%, revised from an initial estimate of a 1.1% rise, mainly dragged down by a fall in jewelry. ➡️ Spending on services went up 2.4%, also below 2.6% in the advance estimate. ➡️ The contribution from net trade was revised lower (0.46 pp vs 0.56 pp), as exports fell more (-1.6% vs -1.3%) & imports declined less (-4.2% vs -4.6%). ➡️ Private inventories added 1.47 to the growth, slightly more than an initial 1.46 pp, led by petroleum, coal products & utilities. ➡️ Fixed investment declined less (-4.6% vs -6.7%), led by equipment (-3.2% vs -3.7%) & an increase in intellectual property products (7.4%). ➡️ Residential investment continued to contract although at a slightly smaller pace (-25.9% vs -26.7%). ⚠️ While the Fed is expected to deliver 2 additional rate hikes of 25bps in March & May, financial markets are looking at another increase in June as there's no recession anywhere in the unemployment or GDP data & Jan inflation is looking slightly worse. 🔎Sector-Stock Trend Analysis: (1) Popular tech stocks were a mixed of gainers & losers with NFLX being the biggest loser at -3.35% & MSFT being the biggest gainer at +1.3%. (2) Popular chip stocks all gained 1.03%-14.02%🥳🥳🥳 as NVDA’s earnings sent hope. NVDA said that it was expecting an AI-driven boom & a recovery in its videogame business. NVDA shares rose 14.5% after it gave guidance for quarterly sales that were higher than analysts expected. There was a jump in the use of its chips to run AI activities. (3) Popular 🇨🇳 stocks were a mixed of gainers & losers as investors continue to search for direction amid the HSI’s correction. (4) On the EV front, it was a mixed of gainers & losers with LCID being the biggest loser at -11.92% as investors were disappointed with its earnings. $Pinduoduo Inc.(PDD)$ $JD.com(JD)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$ $AMC Entertainment(AMC)$ Fellow 🐯🐯🐯 Do follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way & for more 🤖Stock Price Predictions🔮 Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️ As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion