The Market Huddle Nobody Knows Nothin’ (Guest: Boris Schlossberg)
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Dec 5, 2024 Boris Schlossberg, a seasoned trader from BK Traders, shares his market wisdom in a lively discussion. They analyze the surprising bullish trend in the markets, despite geopolitical tensions. The conversation dives into the performance of tech titan NVIDIA against competitive pressures and the volatility of Bitcoin compared to gold. They also touch on economic indicators affecting markets and Brazil's governance challenges versus Argentina's optimistic trajectory. Prepare for a blend of trading insights and personal anecdotes!
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Market Resilience
- The market exhibits a "Terminator" like resilience, defying negative news and conventional wisdom.
- This resilience is fueled by corporate pricing power and improving margins, creating a "Goldilocks" scenario.
Tech Giants and Valuation
- Tech giants like NVIDIA resemble Cisco's trajectory, experiencing rapid growth followed by potential valuation concerns.
- Emerging startups with cost-effective AI chips and decreasing intelligence costs pose threats to established players.
Economic Outlook and Fed's Dilemma
- Economic growth is slowing while inflation remains high, creating a difficult situation for the Fed.
- Trump's preference for lower rates adds to the potential for market instability.