NVIDIA AND GAMMA SQUEEZE OVERPOWER HOTTER INFLATION DATA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
AI Frenzy
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- QQQ is above the trendline shown on the chart.
- The chart shows that QQQ ran up in spite of hotter inflation data. Yesterday, gamma squeeze and AI frenzy completely overpowered inflation data that was negative for the stock market.
- Prudent investors know the market cannot ignore inflation forever. While the stock market and the economy are not the same thing, they can not be completely divorced from one another.
March 13, 2024