Weekend Updates - 3|24|24

On Monday, 3/18: Nvidia (NVDA) CEO Jasen Huang delivered two hours of key note addressed in the GPU Tech Conference. Many investors were bearish and hoping for a pullback. However, it did not happen. Because Nvidia seems to be the future of AI and every big companies, many government agencies and countries are aligning towards Nvidia. Hence it’s not a short term phenomena rather long term opportunities. It does not mean that the stock will go straight up but any did may provide opportunity to accumulate for long term.


On Wednesday, 3/20, Stocks soared and after that market had a good two days and did not pullback. It was because after the Fed largely maintained its interest-rate outlook for the rest of the year. Just to let the readers know, since the last Fed meeting in January, inflation has surprised to the upside and proven sticky at 3%. However, FED is sticking with its forecast for three interest rate cuts. And that’s really a positive factor for stocks market bullishness. Along with this bull case for AI has a robust stock market. But we should always be ready for a pullback even in the bull market.


Key Economic Report this week

3/28: Q4 GDP Final numbers.

3/29: U.S. Market closed due to Good Friday. However, the Core PCE and Personal Income/Spending numbers are expected on Friday. This may be market mover on the week to follow.


Stocks to Watch: NVDA, AVGO, SMCI, SOXL, ADBE, PANW, SNOW. 


Stay tuned for my next blog!!



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