I don't know which direction, but I do know there will be a ton of people with savings about to wonder what to invest in now their interest rates will start to go down very soon.
NVDA is down almost 6% and yet I don't see anything negative...until I see the fine print way at the bottom: Nvidia’s Sales Forecast Fails to Meet Lofty Expectations!! And I'm thinking, you pushed that stock out of the stratosphere, what the hell did ya expect? No company on earth can meet your friggin' expectation!
Thoughts on this rip higher that we've seen over the past week couple of weeks? Certainly caught me by surprise. I sell mortgages for a living (have been in the business since 2002) which has fed into my short bias. It's rough out there for a lot of people.
Been trading for a long while, so nothing suprises me. I did share some comments on this when we hit 10% down earlier. It’s more uncertain from here, IMO. Lower looks plausible, but I was thinking we could hold up until end of August.