Jeff’s Money Calendar — 5/20/2024
- Jeff Zananiri
- Mon May 20
- B2B
Hey, Jeff here-
Before I jump into some of the biggest trading insights and opportunities I’m seeing this week…
Take a moment to click “subscribe” on my Money Calendar below!
That’ll keep you in the loop on all the major market catalysts I’ve got my eyes on for the next month or two…
So you’ll never miss the biggest trading catalysts and dates I’m looking to trade each month.
Now—let’s get to my biggest market insights and opportunities of the week!
NVIDIA and Fed Moves: Market Watch for the Week
NVIDIA Takes Center Stage
This week, it’s all about NVIDIA.
The company’s moves are at the forefront, but let’s not ignore the broader picture.
The Fed’s pivot to a super dovish stance and slight dips in inflation have cranked up the risk-on sentiment to overdrive.
This has created a precarious situation where entering new positions as an investor means you might be holding on longer than you’d like if we see a pullback.
Inflation and Commodity Bubbles
We’re stretched thin across almost every sector and commodities like copper and gold are hitting all-time highs.
The Fed’s declaration of “inflation is dead” is sparking bubbles worldwide.
It’s a rich irony, but it’s the reality we have to navigate.
The rapid rise in commodities and market sectors indicates potential volatility ahead.
A Bullish Signal for the Summer?
Now, here’s the interesting part – a real test for the long-term bull case…
I’ve noticed the IWM is starting to perform on par with the NASDAQ, if not better.
This week, if we see a pullback in NVIDIA and tech, pay close attention to how the IWM holds up.
If it outperforms amidst the selling, it’s a bullish signal for the summer months.
So, keep an eye on this dynamic – it could be a game-changer for your investment strategy.
