Why Magnificent 7, AI Cratered Last Week
What a rough week stock markets experienced last Friday. Selling panic accelerated suddenly and urgently, with little warning for others. Since Q2/2024 started (April 1, 2024), the indices - Nasdaq (QQQ), S&P 500 (SPY), and sensitive small cap Russell 2000 (IWM) – showed strain.
Be wary of swapping out high-flying stocks and into income stocks. Both asset speculation and classes, respectively, depend on the Federal Reserve’s Interest Rate Policy.
Media FLIPPED its fantasy narrative from six rate cuts, down to four, then to two, and now to "who knows when.” One Fed member even said to hike rates.
The Most Anticipated Earnings Releases
Track the Q1/2024 earnings reports by pasting the list of stock tickers to any “Create Portfolio” page. At the end of the week, delete the entire portfolio to remove excessive news alerts and noise. Keep only stocks that you may want to buy later.
TSLA, META, MSFT, GOOGL, INTC, XOM, IBM, V, F, BA, VZ, CMG, GM, SNAP, ENPH, UPS, GE, T, CLF, OSIS, ROKU, NOW, PEP, LMT, FCX, RCL, VRT, WDC, HUM, SPOT, VKTX, AAL, NUE, NEM, MO, RTX, TXN, LRCX, CAT, CVX, JBLU, DXCM, SAP, TMUS, HAL, LUV, CLS, CDNS, NEE
AI Bubble Watch: Why SMCI Plunged By Over 20%
Nasdaq just erased 100% of 2024 gains in a single week: