The stock market broke the bullish streak of going up from opening bell to close as traders reacted to more hawkish comments from the Fed. With this being the first day in two weeks that stocks actually went down, rumors started flying about the market and that some big investors like Carl Icahn are preparing for a stock market crash. I go over the Carl Icahn rumors and how it relates to a market crash, then explain the market today and why we saw stocks go down. All in all, it looks like the markets will hold a range like they have in the past as investors prepare for the CPI next week. It was a breather for the traders shorting the market, but it doesn't mean the big one is here just yet. After this brief market recap, I go over my portfolio and 3 stocks for tomorrow. I go over BABA stock & NTES stock and explain the wave of AI stocks that are leading to massive stock rallies in various parts of the market. Even GOOGL stock saw a huge decline after their AI produced a wrong answer to one of the beta testers. I go over DIS stock and what I like about their earnings and how that can set up for a trade tomorrow. Finally, I go over CRM stock and the activist stake that was taken today by Third Point.
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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.
