The AI bubble is a head fake! I'll show you the real reason stocks are falling and why you need to be buying before December. I'll also reveal the stocks I'm buying and all the stock market news you need to see this week. 🤑 Join me on the Blossom app and see all the stocks in my portfolio! https://mystockmarketbasics.com/blossomsocial
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The media and pundits are blaming the drop in stocks on AI bubble fears but it’s a distraction. Under the surface, something far bigger is driving the selloff. The Fed’s December meeting now has the power to flip this crash back into a bull market and my analysis shows a surprise rate cut is coming. I’ll reveal five stocks I’m buying before that meeting along with updates to Symbotic (SYM), SoundHound AI (SOUN) and an update to our stock market outlook.
Last week was defined by wild swings in stocks and even Friday’s rally couldn’t keep all three indexes from closing sharply lower. Stocks in the S&P 500 are now down 4.6% from their peak with tech stocks in the Nasdaq down more than 7% from the high. Selling could continue this week in a holiday-shortened week as low volume runs into a lack of news to have investors rushing to safety.
In other assets, the price of oil fell 3% to $58 a barrel on a peace proposal for Ukraine that could mean Russian oil is allowed back on the market. Rates fell to 4.06% on the 10-yr Treasury as odds of a December rate cut increased and gold traded flat at $4063 per ounce. Crypto was the big news though with bitcoin crushed another 10% to $85.2k each as leverage forces many investors to liquidate their positions.
It’s a holiday shortened week with the stock market closed Thursday and open only until 1pm on Friday. Many traders and institutionals take the whole week off so stock volume will be very low. That can mean bigger swings in prices as a lack of buyers amplifies market swings.
Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
Disclosures: All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission.
