The Final Tally: Tech Goes Beast Mode Clinching Three-Day Rally, China-U.S. Tensions Escalate…

By Stocks News   |   2 weeks ago   |   Stock Market News
The Final Tally: Tech Goes Beast Mode Clinching Three-Day Rally, China-U.S. Tensions Escalate…

Well, the market just ripped for a third straight day and truthfully, nobody really cares to know why… especially after the hell we’ve been through over the last month. At this point, we’ll just take what we can get. And what we got was the S&P 500 closing up 2.03% to 5,484.77, Nasdaq jumping 2.74%, and the Dow managing to claw its way back above 40,000 for the first time since April. Bigly. 

China-U.S. Tensionsa

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Why? Because tech finally decided it was done getting kicked in the nuts for a week straight. Nvidia, Tesla, Meta, Amazon, Microsoft—every massive name that’s been slapped around recently decided to go full beast mode. That’s it. That’s the story. (Much love, Scott Bessent). 

Speaking of Bessent, the passive-aggressive pissing match contest between China and the U.S. escalated again—with China, true to form, publicly stating, “There are no talks taking place”, while demanding the U.S. cancel “unilateral tariffs”. Sooo you’re telling me there’s a chance? Regardless, even though the tune of anything negative with China has sent the markets into a freefall—Wall Street could care less this Thursday. Tech is up, indexes are green, and everyone is pretending to be happy again. Meaning, as long as the big dogs are barking, nobody’s looking too hard at the cracks in the sidewalk.

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Of course, outside the tech orgy, the rest of the tape was a mix of chaos and comedy. Fiserv legit got fisted today—down 18%---after missing on revenue. Meanwhile, Tractor Supply, for reasons only God and rural America understand, dropped more than 3% after fumbling earnings and slashing guidance.

Oh, and Northrop Grumman experienced its worst market beating since the Obama years. Shares are down -13% this week, thanks to a B-21 bomber program that turned into a budgetary dumpster fire. Your move Lockheed

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Hasbro, on the other hand, had its best day since America adopted Tiger King as it’s national TV show (read: Covid). Shares jumped 15% after earnings surprised to the upside. Which means either people are buying board games again or institutional investors are just throwing darts at the screen and praying for alpha.

In the end, today was a good day for the most part. We saw the S&P, Nasdaq, and Dow flying high… but, but, but… tomorrow could one-hundred percent be a different story. Will we continue this uptrend? Or will we all wake up tomorrow realizing we just experienced a dream that was just too good to be true? Only time will tell. For now, place your bets accordingly and touch some grass. Until next time, friends… 

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

China-U.S. Tensions

P.S. Oh, I’m sorry, I didn’t know you liked getting rekt. Let’s face it, retail investors get the short end of the stick all day everyday. It’s the smart money’s world, and we are just living in it–only useful when it comes to liquidity purposes in the market. Meaning, if you’re as pissed off as I was when I found out Milli Vanilli was lip syncing the whole time, then it’s time to go from investing blind, to investing smart. Luckily for you, the key is right here as a Stocks.News premium member. Click here to see exactly how our premium members are printing while others quake in the face of today’s market chaos. 

Stocks.News holds positions in Tesla, Meta, Amazon, and Microsoft as mentioned in the article. 

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