POWELL SHIFTS BUT DOES NOT ADMIT HE WAS WRONG, OPPORTUNITY IN AI DRIVEN SEMICONDUCTOR CHIP EQUIPMENT MAKER
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
A New Opportunity In AI Ahead
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market has pulled back after breaking below the trendline.
- The chart shows the support zone.
- The chart shows that in spite of the pullback, the stock market is still about 5% above the support zone.
- Powell had repeatedly made it clear that he was itching to cut interest rates.
April 17, 2024