Speculative Fever Builds – Predictions Of 100 Point Up Move In S&P 500 And Bitcoin Over $100K
Portfolio Pulse from The Arora Report
Speculative fever is building in the stock market, driven by a rally in the 'magnificent seven' stocks: Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Predictions suggest a 100 point move in the S&P 500 following the release of CPI data. Nasdaq is set to conduct a special rebalance of the Nasdaq 100 due to the weight of these seven stocks. This may slightly impact these stocks negatively. Meanwhile, optimism from China's stimulus is influencing the U.S. market. An analyst predicts Bitcoin will reach $100K by the end of 2024.
July 11, 2023 | 5:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple is part of the 'magnificent seven' stocks driving the speculative fever. It may be slightly impacted negatively by the Nasdaq 100 rebalance.
Apple's stock is part of the group driving the speculative fever in the market. The upcoming Nasdaq 100 rebalance, due to the weight of these stocks, may have a slight negative impact on Apple's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Amazon is part of the 'magnificent seven' stocks driving the speculative fever. It may be slightly impacted negatively by the Nasdaq 100 rebalance.
Amazon's stock is part of the group driving the speculative fever in the market. The upcoming Nasdaq 100 rebalance, due to the weight of these stocks, may have a slight negative impact on Amazon's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet is part of the 'magnificent seven' stocks driving the speculative fever. It may be slightly impacted negatively by the Nasdaq 100 rebalance.
Alphabet's stock is part of the group driving the speculative fever in the market. The upcoming Nasdaq 100 rebalance, due to the weight of these stocks, may have a slight negative impact on Alphabet's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft is part of the 'magnificent seven' stocks driving the speculative fever. It may be slightly impacted negatively by the Nasdaq 100 rebalance.
Microsoft's stock is part of the group driving the speculative fever in the market. The upcoming Nasdaq 100 rebalance, due to the weight of these stocks, may have a slight negative impact on Microsoft's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVIDIA is part of the 'magnificent seven' stocks driving the speculative fever. It may be slightly impacted negatively by the Nasdaq 100 rebalance.
NVIDIA's stock is part of the group driving the speculative fever in the market. The upcoming Nasdaq 100 rebalance, due to the weight of these stocks, may have a slight negative impact on NVIDIA's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla is part of the 'magnificent seven' stocks driving the speculative fever. It may be slightly impacted negatively by the Nasdaq 100 rebalance.
Tesla's stock is part of the group driving the speculative fever in the market. The upcoming Nasdaq 100 rebalance, due to the weight of these stocks, may have a slight negative impact on Tesla's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta Platforms is part of the 'magnificent seven' stocks driving the speculative fever. It may not be impacted by the Nasdaq 100 rebalance.
Meta Platforms' stock is part of the group driving the speculative fever in the market. The upcoming Nasdaq 100 rebalance, due to the weight of these stocks, may not have an impact on Meta Platforms' stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 ETF is expected to see a 100 point move following the release of CPI data. This is driven by the speculative fever in the market.
The S&P 500 ETF is expected to see a significant move following the release of CPI data. This is driven by the speculative fever in the market, particularly around the 'magnificent seven' stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90