Fear Evaporates In The Stock Market As Greed Takes Over, Arora Analysis On Tesla Strikes A Chord
Portfolio Pulse from The Arora Report
Fear has evaporated in the stock market, with greed taking over. Wall Street's fear gauge VIX dropped as S&P 500 ETF SPY, Invesco QQQ Trust Series 1, Tesla, NVIDIA, and VanEck Semiconductor ETF fell. Jobless claims came in at 264K, and central banks in the UK, Norway, and Switzerland raised interest rates.
June 22, 2023 | 4:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Advanced Micro Devices' stock fell as semiconductors were hit hard, especially retail investors' favorite stock AMD.
The drop in the VIX indicates that fear has evaporated in the stock market, which could lead to increased risk-taking and potential short-term declines in AMD's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVIDIA's stock fell as institutional investors poured money into the company, while the VIX dropped.
The drop in the VIX indicates that fear has evaporated in the stock market, which could lead to increased risk-taking and potential short-term declines in NVIDIA's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Fear evaporates in the stock market, causing Wall Street's fear gauge VIX to drop as Invesco QQQ Trust Series 1 falls.
The drop in the VIX indicates that fear has evaporated in the stock market, which could lead to increased risk-taking and potential short-term declines in the QQQ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
VanEck Semiconductor ETF fell as semiconductors, especially retail investors' favorite stock Advanced Micro Devices, were hit hard.
The drop in the VIX indicates that fear has evaporated in the stock market, which could lead to increased risk-taking and potential short-term declines in the SMH.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Fear evaporates in the stock market, causing Wall Street's fear gauge VIX to drop as S&P 500 ETF SPY falls.
The drop in the VIX indicates that fear has evaporated in the stock market, which could lead to increased risk-taking and potential short-term declines in the SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla's stock fell as retail investors aggressively bought shares, while the VIX dropped.
The drop in the VIX indicates that fear has evaporated in the stock market, which could lead to increased risk-taking and potential short-term declines in Tesla's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BlackRock filed for a bitcoin ETF, pushing bitcoin above $30,000.
The filing for a bitcoin ETF by BlackRock could lead to increased interest and investment in bitcoin, potentially benefiting BlackRock's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wisdomtree filed for a bitcoin ETF, pushing bitcoin above $30,000.
The filing for a bitcoin ETF by Wisdomtree could lead to increased interest and investment in bitcoin, potentially benefiting Wisdomtree's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80