Tuesday, October 22, 2024

No bubble for Nvidia

And clash of the tech titans
 
   
     
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Tuesday, October 22nd
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“The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.”

- Aldous Huxley
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Markets Today
 
 
🌏 Asia-Pacific: Mixed
 
🇪🇺 Europe: Down

🇺🇸 United States: Down

🛢️ Oil: Up

Crypto: Down
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Holy interest Batman! The interest on American debt is staggering (link)
No bubble for NVDA: A very good thread explaining why Nvidia isn’t a bubble stock (link)
Three paths to a normal housing market: There’s three ways to get back to affordable housing (link)
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🤔 My Thoughts 
 
 
Interest rates just keep going up, even after the Fed cut. This is what’s called bond vigilantism, and it means that bond traders are NOT happy with the Fed’s moves. But even while interest rates soar, American stocks soar higher. This is because the government bonds are rapidly losing face as a reliable store of value.

Today at 11AM ET, I’m hosting a free breakdown of which tech stock I believe will be the beneficiary of this flight to safety. Tune in by clicking here
To Better Trading,

Alex Reid
Wealthpin
 
WealthPin
   
     
   
 

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