FYI: Well, it was good while it lasted. After yesterday’s 2%+ rally off the early morning lows, some may have been starting to think that the market was taking a step in the right direction. Then, the after-hours came. With earnings tape bombs from Applied Materials (AMAT), Nordstrom (JWN), and Nvidia (NVDA), bulls are back in full retreat mode as futures are implying a moderate decline to the downside. On second thought, maybe the bulls aren’t in retreat but instead just still stuck in the massive northeast nightmare commute home from Thursday night.
Regards,
Ted
https://www.bespokepremium.com/morning-lineup/morning-lineup-what-positive-reversal/
