NVDA FED interest rate decision at 12pm. Market will either rally or get hammered based on the rate decision and FOMC speech. It's after election now so if there is anything fishy they will finally tell us.
I'm still hung up on the 12K jobs data.
Clearly election caused a bullish spike. But I still think we are very near the top of this bull market and soon the market will have a major correction or recession. I'm telling you all it's going to take is one piece of major bad news and the market will dip and not see these prices again until after the next recession. The shift from optimism to panic happens in a moment and it's usually preceded by extreme greed and all time highs.
Also I think NVDA will experience major volatility for the next 4 years. Every time Trump says "AI" or "China tariff" or "We have the best AI. Nobody does AI better than we do. China has AI but it's quite frankly, ✋🤚 not good." then AI stocks will react.
For the bull run to continue, conditions need to remain perfect. For it to turn into a bear market, all it takes is one bad event. Could even be a global event outside of US economics as a catalyst.
I said in October that October would be strong and NVDA would hit 140-150 by November. I still think NVDA is a top company. But I am not optimistic about how much longer this bull market will last.
I'm 100% cash liquid. Taking day trades until we hit the bottom of the next recession. If you buy and hold, remember that if you buy at the ATHs, it usually takes 10 years for the dip to return to profitable if you bought in an ATH year. Data from the past 100 years proves this. Not all buy and hold investments go up in the 1-10 year timeframe especially when you buy the top of a bull market.
NVDA I think the fed will cut for numerous reasons, but one reason is that if they don't, it could stir up insinuations that the Fed is making a political statement regarding Trump, and I don't think they want that.