We got this weak Gross Domestic Product number, just 1. 6 growth anemic and a surging inflation number connected to the gdp up 3. 7 . Bad combo. Which is why the dow tumbled 375 points s p lost. 46 . Nasdaq dropped. 64 . Ive got to tell you it was much uglier at one point today. The dow was down almost double where it went out. As we heard all day about the Slower Growth and higher inflation and that meant the dreaded term stagflation and that environment is toxic for stocks the house of pain on top of that one of the markets greatest leaders Meta Platforms got crushed today. I mean, just annihilated not because of its earnings which were stellar but because it committed a huge amount of spending most of it directed toward generative Artificial Intelligence whats bad for the meta goose, though, is good for the nvidia and broadcom gander, which is up 29 points and 37 points respectively as theyre going to get a huge chunk of Capital Expenditure budget i still believe in meta, more on th
Friday, its what makes the markets move here, including todd where the dow dipped 22 point, s p inched up 0. 18 , the nasdaq advanced 0. 31 . While the trump factor is always going to be with us, it certainly isnt the be all and end all. What matters during earnings season are the numbers, the readthroughs and the derivatives of those numbers are driving stocks. What do i mean by these concepts . What makes them so important . Lets start with the nasdaq. Did you notice the intraday pep in its step . Do you know what caused it . The nasdaqs intraday bounce had everything to do with a Company Called asml. Asml. A Dutch Semiconductor equipment maker that reported outstanding numbers last night, causing the stock to rally more than seven points. All right. You may not know this 54 billion company, but youve definitely heard of their clients. Think intel, samsung, taiwan semitexas instruments, which order gigantic, expensive pieces of equipment from asml in order to make all sorts of chips
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