Given the shortened week following the Labor Day weekend, I'm going to keep my normally much longer market commentary to a minimum and let the charts tell the story of last week.
June 02, 2021
Tag: AI
Total 12 Posts
Historic rally continues, with seemingly nothing standing in the way
Like a sprinter who suddenly finds a moving sidewalk underfoot, the market raced through the last full week of July with an extra jolt of speed it didn’t seem to need. Hints of a tariff truce with Europe, fresh
Remember when the market was terrified of its own shadow back in April? Well, the AI trade slapped a rally cap on Wall Street and dragged the major indexes back into the green. Meanwhile, Washington and Beijing are playing “Rollback Roulette,” and the President is again blasting Jerome Powell harder
On Monday Nvidia lost $589 BILLION on market cap, a new record. Nvidia alone accounted for 2/3 of the drop in the S&P 500 index. We have discussed the lack of diversification and concentration risk in the S&P 500 occasionally the last couple of years.
Last week on an advisor call I was recapping my post-election blogs as I discussed: the euphoric post election rally, not letting political opinions influence our investment decisions, valuations and the chances of yet another 20%+ rally in 2025, what tariffs really are and the likely impact on the economy