While You Were Watching Nvidia…
Hey trader, Friday’s March CPI report landed at 3.3% annual inflation. Energy prices surged over 20% in a single month…and the government just glossed right over it. The S&P 500 barely blinked. Semiconductors ripped higher on a blowout quarter from Taiwan Semiconductor… …Retail stocks got absolutely pounded…Cybersecurity names like CrowdStrike cratered because AI is eating their lunch. Two completely different realities played out in the same market, on the same day. Stocks with single-digit P/E ratios are getting annihilated while parabolic names keep getting chased to the sky. The machines don’t care about value… they don’t care about economics… they don’t care about news. It’s buy the chart and screw everything else. I rest my case. I’ve been in this business for 38 years. I have never seen bifurcation this extreme. The weekly MACD turned bearish, the algorithms sniffed it out, and they just dismantled the thing. THAT is what