Today, The Weekly Buzzing Stocks by Billy Kawasaki and The Panic-Proof Portfolio (Stockchase Research) commented about whether INSW-N, SIG-N, SNY-N, ASO-Q, PBR-N, MSTR-Q, UNH-N, SQ-N are stocks to buy or sell.
Last time he got into power, he cut regulations and lowered taxes. That was all stimulative to the market. Could be different this time, as this time he's going to be doing a lot of cost-cutting. That will have a negative impact on the economy.
A lot of people don't realize the lags that take place, and we don't know how fast these things are going to happen. His guess is that cost-cutting will come right up front because the current administration has been hiring a lot of employees. That will start to weigh on the economy, though some say it will be better in the long run.
There's a lot of back and forth, it's going to be a bumpy ride.
He does, but to get there it will require some lumps. If we see freezing in government hiring and spending, in the short term those things will be deflationary, putting downward pressure on the economy. People aren't expecting this. Longer term, it's a good thing because it allows the economy to be more productive. He's optimistic that things will work out long term.
Yes. They are rich here at this level, so he doesn't see huge gains. 2023 saw over a 20% gain in the S&P 500, and here we are again. Doubts that we can do it again. Sees the market being positive, but there's going to be a whole lot of moving around based on the narrative surrounding Trump. It'll be sometimes positive, sometimes negative.
It's changed a bit. Did really well in first half of 2024. 2H saw software stocks take off. Semiconductors have pulled back.
Semiconductors have pulled back since 1H. This name's done OK, but not the huge outperformance it had before. Technicals still show an upward trend, which is positive. Unless it breaks the trend, it's positive; look for that before you take action. Watch $130 level, as that's where the trend would be broken.
If the market rallies, NVDA will participate as well. So he's positive in the short term.
Huge base forming for over a year, and we've broken above that. Positive development. Now back to where we were in 2022. When it breaks out, tend to go with it as long as it's rising.