Opening Bid Unfiltered Is Nvidia and Tesla stock deeply oversold screaming buys?
8 snips
Mar 17, 2025 Rich Ross, Head of Technical Analysis at Evercore ISI, brings over 30 years of market expertise to the discussion. He delves into the recent turmoil affecting stocks like Nvidia and Tesla, emphasizing the importance of technical analysis in navigating volatility. Ross shares insights on market valuation, predicting future trends, and the emotional aspects of trading. He also discusses the surprising resilience of European assets amid U.S. concerns, making for an engaging conversation filled with actionable trading ideas.
AI Snips
Chapters
Transcript
Episode notes
Market Correction and Potential Bottom
- The market experienced a 10% correction, driven by tariff and recession fears.
- Despite the drop, a bullish weekly reversal suggests potential for a bottom, similar to previous declines.
Premature Recession Fears
- The market's rapid shift from growth expectations to recession fears seems premature.
- Stock declines mirror those of the 2022 bear market, despite the absence of similar economic factors.
Market Volatility and Trending Moves
- After a period of sideways movement, a volatile 10% correction can cleanse market sentiment and positioning.
- This cleansing can set the stage for a trending move, though potential upside may be limited by valuations and recession fears.