These “Magnificent 7” Stocks Just Hit Critical Levels

These stocks have been leading the markets higher and lower for months now, to the exclusion of practically everything else - including hard economic data! (Including PCE, which drops tomorrow.) FOMO-stricken investors and traders are bidding them up to (literally) insane levels. There’s really not much else left to buy… and if there was it’d…

Stocks Are “Coiling” Near All-Time Highs - Mania Could Be Next

If you’ve gotten the sense lately that something is building, you’re not wrong. We’ve seen hyper-concentration in the biggest stocks, to the point where plenty of us are focused on just one. People are chasing crowded stocks and trades, bidding up stocks to nosebleed levels. And yet, tech is still strong. We can tell from…

The "FOMO Trade" Moves Downstream in AI and Crypto

"When YOLO, you're all about FOMO." The Magnificent 7 tech mega-caps and AI are the quintessential "fear of mission out" plays - it often seems there are more bettors there than bona fide traders. But another "leg" has been kicked out from under these stocks" Google. Tune out the noise and we find...the stock is…

What to Do About This One-Stock Stock Market

I can think of 499 stocks that might as well hang it up... Welcome to the S&P 1, where you can buy any stock you want… so long as it’s Nvidia. Buyers only, though - no sellers allowed. I’m only half-joking. Diversification on the S&P 500 is now severely compromised; it’s more concentrated than it’s…

Jeff Bierman talks A.I. with YahooFinance LIVE

Excerpt from the Interview: Jeff Bierman, Theotrade Chief Market Technician, joins Yahoo Finance to discus Nvidia's fourth-quarter earnings and the impact it has on the AI boom in the long-term. Bierman elaborates on potential risks with the market's heavy focus on the tech sector: "It calls into question traditional risk management and traditional investment management…

Why AI Has a Split Personality

Now, there’s no doubt artificial intelligence (AI) will eventually change the world. That’s already starting, but the full impact is probably a ways down the road. Right now, investors’ perception and imagination of AI is what’s really driving the bus. Hopes and fears are what we have to contend with right now. That’s powerful stuff.…

What to Make of Nvidia’s Earnings

Stocks got a little shot in the arm in the last hour of trading on the expectation that Jensen Huang and the Nvidia board would have good news for them. And that’s what they got - big beats, particularly in the revenue column, which saw a 265% year-on-year increase. It’s tough to exaggerate how important…

The Selloff is Gaining Traction - Let's Look at Potential Opportunities

If you’ve been able to make my daily trading room sessions, the selling of the past few days hasn’t been a surprise at all. The warning signs have been building and we’ve caught every single one. In fact, I’ve been doing everything short of pounding the table that we should expect downward pressure in the…

When "Different" Ends Up the Same Way

Google, Amazon, Apple, and Microsoft - together they’re worth more than $10 trillion-with-a-”T.” They account for a bit less than a quarter of the S&P 500 by weight. Incidentally, it’s been more than 50 years since the S&P 500’s top stocks were this concentrated. Well, they’re in real trouble now. All four of those mega-caps…

Consumers Are Tired - Retail Sales Numbers Clinch It

The almighty American consumer is… spread a little thin right now. A little worse for the wear. That’s not just a hunch. Today’s retail sales numbers were negative - very negative. But to understand what’s really happening we have to get in and look behind that headline 0.8% drop. A lot of that decline took…

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