• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Ignore The Naysayers, This Market Is On FIRE!!!
Stock

Ignore The Naysayers, This Market Is On FIRE!!!

by March 17, 2024
by March 17, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Happy St. Patrick’s Day!

Last week was interesting for sure. Both February Core CPI (consumer price index) and February Core PPI (producer price index) came in above expectations. The headline PPI number doubled expectations. Despite that, the S&P 500 managed to close at an all-time high on Tuesday, the day the February CPI data was released.

This bull market remains extremely resilient and provides evidence of it nearly every day.

The vast majority of market analysts, in my opinion, expected that any weakness in the Magnificent 7 stocks would automatically be the end of this bull market. But they were wrong. NVIDIA Corp (NVDA) is the only stock in the Magnificent 7 that has gained any significant ground over the past month. The weakening price action for growth stocks is typical during the 2nd half of calendar quarters (except for Q4). Growth stocks tend to take a back seat to value, especially compared to what happens during the 1st half of calendar quarters as we work our way through earnings season.

Let’s look at the Magnificent 7 stocks to gain a better feel of what’s been transpiring there:

For each stock, the pink line represents price action, while the black line represents the 10-day rate of change (ROC). Over the past couple weeks, there’s been price deterioration in a few of these names, and especially on Tesla (TSLA), which has dropped a staggering 19% over this period.

The good news, however, is that during this more “risk off” kind of market, money is not leaving the stock market. Instead, it’s helping to fuel a HUGE rally in other areas of the stock market, mostly value-oriented areas. This represents widening participation in this secular bull market advance, a key ingredient of bull market sustainability.

Earlier today, I created what could become a regular YouTube weekend video, “EB Weekly Market Recap” (see below). If you listen to it, please provide some feedback – either directly to us at “support@earningsbeats.com” or below the YouTube video in the comments section. Thanks!

EB Weekly Market Recap Video

Happy trading!

Tom

You Might Also Like
  • Four Prerequisites to Improve Your Odds – A Live Example
  • This Industry Group Outperformed the S&P 500 by OVER 120% in 2023!
  • The Ord Oracle April 4, 2023
  • Manipulation Around Earnings Season Is Insane!
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Home buyers to be spared broker commissions up to 6% under Realtor group settlement
next post
Rates Look Set to Rise as TLT Resumes its Downtrend

You may also like

The Hoax of Modern Finance – Part 1: Introduction

November 29, 2023

SMCI Stock Rebounds: Why Its SCTR Score is Screaming for...

May 14, 2025

Recovery Rally In Stock Market Offers Hope: What You Need...

July 26, 2024

Unleash the Power of BPI: The Key to Boosting Your...

February 20, 2025

Charting Forward: Opportunities You Can Seize in September

August 30, 2024

3 Expert Earnings Plays: Maximizing Reward, Minimizing Risk

February 9, 2024

Finance, Family, Society: Finding a Good Balance

March 8, 2023

Three Charts To Watch For An “All Clear” Signal

May 7, 2025

A NEW ERA of Growth Leadership?

November 22, 2023

The Wisdom of Jesse Livermore, Part 4

May 10, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Equities Set New Highs As Growth...

    July 8, 2024

    Getting Perspective and Dealing with Volatility

    April 20, 2024

    Your Selling Methodology is Your Paramedic...

    March 1, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here