November 20, 2024

Markets:

Global markets fell on Tuesday as investors reacted to Russia lowering the threshold for a nuclear strike, and after Ukraine used U.S.-made long-range ballistic missiles to attack Russian territory for the first time, stoking tensions between Russia and the West.

Stock futures ticked higher on Wednesday, as investors looked toward a key earnings report from tech giant Nvidia.

All eyes are on Nvidia, set to report after the close. Given the chipmaker’s $3.6 trillion market capitalization, the results could hold more significance than some key economic reports and set the tone for the S&P 500 and the Nasdaq Composite for the rest of the week and into year end. Investors will look for demand details on the company’s Blackwell AI chips, which CEO Jensen Huang last month characterized as “insane.”

Investors have eyed the report as a potential catalyst to reaccelerate the market for the rest of the year, following a fade in the big post-election rally that boosted benchmarks to new highs. Stocks struggled last week as Federal Reserve Chair Jerome Powell signaled that the central bank isn’t in a hurry to cut rates. Mounting geopolitical tensions between Russia and Ukraine also spooked markets Tuesday.

Investors will also listen for commentary from Federal Reserve Governors Lisa Cook and Michelle Bowman, as well as Boston Fed President Susan Collins.

Portfolio:

It's here, NVDA day!  Great start to the week for us and booking another three monster profits yesterday led by HIMS for 19.5% return.  We head into todays session holding setups in TSLL, NN, BITX, and GME. Have your target working on BITX, target could hit today. We might be adding but do want to be patient heading into tonight's monster earnings reports led by NVDA.  We also have high interest in reports from SNOW and PANW.  Tonight will set the stage short term but the overall trend remains and once again higher lowers continue to print across the board.  Folks continue to deny whats building and I truly feel sorry for them.  We will be well in position when the chase for performance begins.  Just a friendly reminder, silence the noise and stay the course.  No one has navigated this year better than our community and the road ahead continues to build for us.  The best part is yet to come.  Be ready!