LEIBOVIT VR NEWSLETTERS – THURSDAY – AUGUST 29, 2024 – WALL STREET AND THE MEDIA ARE CLEARLY SUFFERING FROM THE SAME MENTAL ILLNESS THAT PLAGUES OUR POLITICS – FOCUS ON AI AND NVIDIA ARE PART AND PARCEL TO THIS ILLNESS.
https://www.howestreet.com/2024/08/markets-in-a-potentially-dangerous-time-mark-leibovit/
NEXT PODCAST THURSDAY EVENING
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
U.S. Stocks Move Mostly Lower Ahead Of Nvidia Earnings AND ARE DOWN DURING THE EVENING SESSION!
Stocks moved mostly lower during trading on Wednesday, with weakness in the tech sector weighing on the broader markets. With the downward move on the day, the Dow pulled back off the record closing high set on Tuesday.
The major averages climbed well off their worst levels in the latter part of the session but remained in the red. The tech-heavy Nasdaq slumped 198.79 points or 1.1 percent to 17,556.03, the S&P 500 slid 33.62 points or 0.6 percent to 5,592.18 and the Dow fell 159.08 points or 0.4 percent to 41,091.42.
The weakness on Wall Street partly reflected anxiety ahead of the release of market leader Nvidia’s (NVDA) fiscal second quarter results after […]
LEIBOVIT VR NEWSLETTERS – WEDNESDAY – AUGUST 28, 2024 -MARKET INSANITY CONTINUES AS IT HOLDS ITS BREATH ON NVIDIA- DANGER AHEAD IN MORE WAYS THAN ONE
https://www.howestreet.com/2024/08/markets-in-a-potentially-dangerous-time-mark-leibovit/
NEXT PODCAST THURSDAY EVENING
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
~ Ayn Rand
Dow Finishes Choppy Trading Day At New Record Closing High
Stocks showed a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line. Despite the choppy trading, the Dow crept up to a new record closing high.
The major averages all finished the day modestly higher. The Dow inched up 9.98 points or less than tenth of a percent to 41,250.50, the Nasdaq rose 29.05 points or 0.2 percent to 17,754.82 and the S&P 500 edged up 8.96 points or 0.2 percent to 5,625.80.
The choppy trading on Wall Street came as traders seemed reluctant to make significant moves ahead of earnings news from Nvidia (NVDA), with the AI darling due to release its fiscal second quarter […]
