Stock Market Bears Say AI Rally Is Over, Critical Powell Speech
Portfolio Pulse from The Arora Report
Stock market bears are predicting an end to the AI-driven rally, pointing to a potential double top pattern on the chart. The 'sell the news' reaction to NVIDIA's earnings report is causing concern. Money flows in tech stocks like Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla were positive after hours but turned negative in the premarket. Investors are awaiting Powell's speech at Jackson Hole, with concerns that he may advocate for a higher long-term policy rate. Early trade money flows are positive for Amazon, Microsoft, Meta Platforms, and Apple, but negative for Tesla, Alphabet, and NVIDIA.
August 25, 2023 | 2:35 pm
News sentiment analysis
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POSITIVE IMPACT
Amazon.com, Inc.'s (NASDAQ:AMZN) stock may be positively impacted by the positive money flows in the early trade.
The positive money flows in the early trade could lead to an increase in the price of AMZN.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms Inc's (NASDAQ:META) stock may be positively impacted by the positive money flows in the early trade.
The positive money flows in the early trade could lead to an increase in the price of META.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Microsoft Corp's (NASDAQ:MSFT) stock may be positively impacted by the positive money flows in the early trade.
The positive money flows in the early trade could lead to an increase in the price of MSFT.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Apple Inc's (NASDAQ:AAPL) stock may be negatively impacted by the negative money flows in the premarket.
The negative money flows in the premarket could lead to a decrease in the price of AAPL.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Alphabet Inc Class C's (NASDAQ:GOOG) stock may be negatively impacted by the negative money flows in the premarket.
The negative money flows in the premarket could lead to a decrease in the price of GOOG.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NVIDIA Corp's (NASDAQ:NVDA) stock may be negatively impacted by the 'sell the news' reaction to its earnings report.
The 'sell the news' reaction to NVIDIA's earnings report could lead to a decrease in the price of NVDA.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Invesco QQQ Trust Series 1 (NASDAQ:QQQ) may be impacted by the bearish sentiment and the potential double top pattern.
The bearish sentiment and the potential double top pattern could lead to a decrease in the price of QQQ.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla Inc's (NASDAQ:TSLA) stock may be negatively impacted by the negative money flows in the early trade.
The negative money flows in the early trade could lead to a decrease in the price of TSLA.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70