Congress to be Replaced By AI Bots — Nick Santiago 5-26-23 #496
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Congress to be Replaced By AI Bots — Nick Santiago 5-26-23 #496
This is an automatically generated transcript. Please note that complete accuracy is not guaranteed.
Description
1.The PCE Price Index rose 0.4% in April following a 0.1% increase in March. The core-PCE Price Index, which excludes food and energy, rose 0.4%. Basically, this was a little...
show moreOn Wednesday, we talked about how yields have been climbing recently and this is probably why.
2. NVidia (NVDA was the story of the week after reporting earnings and seeing its stock surge by nearly 25%. This news also helped to lift most other semiconductors higher. So while everyone usually looks to Apple as being the most important tech stock it is now NVDA. The AI craze is running wild.
3. This is the final trading session before the Memorial Day Holiday in the US. Usually, we will see light volume throughout the session as traders often close up shop after the first 2 hours of the day.
4. Gold and silver are catching a bid this morning. Silver is very strong with a 2% surge to start the day. Both gold and silver are trading at daily chart support right now.
5. Bitcoin is upticking a little today, but the daily chart still looks weak. The weekly chart is holding up but does not signal a lot of overall upside. That tells me if it does catch a bid it should not go much further that the recent high before declining again.
Visit Nick at: https://InTheMoneyStocks.com
Visit FSN at: https://FinancialSurvivalNetwork.com
Information
Author | Kerry Lutz |
Organization | Kerry Lutz |
Website | - |
Tags |
-
|
Copyright 2024 - Spreaker Inc. an iHeartMedia Company