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what's up everyone it's K with money vest so in this video we are going to be talking about the entire Market R doio came out with some comments we did also have the personal consumption expenditure so inflation numbers came out earlier yesterday so I'm going to break that down as well AMD was skyrocketing higher up a little bit over 9% on ramping up some AI products and of course technology these stocks here once again pushing higher and we did have the markets kind of drifting back up to the upside NASDAQ hitting a new all-time high uh at over 16,000 points we got lots to unpack and lots to cover in this market update as always if you enjoy this video and find it helpful make sure that you drop a like and don't forget to subscribe to the channel the links to our Discord and patreon i and of course getting access to all the members only private videos it's the first week of the month is usually the best time to join so again Link's going to be down below and you will get access to all 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stuff so Link's going to be down below if you want to connect with me there also so NASDAQ closes at a record high so very very strong move to the upside from the the NASDAQ so if you come over to the iic that's NASDAQ Composite uh trading up to almost 16,100 up over 90 basis points the NASDAQ 100 which is ndx uh also pushing higher uh to over 18,000 and of course S&P 500 trading at well over 5,096 so almost 5100 once again pushing up over half a percent as well so stock market doesn't look very bubbly to billionaire investor Ray do and that's exactly what we talked about in one of my previous videos it's kind of funny that this article is coming out Ray do is coming out and voicing his opinion after the fact that we already discussed this because there was another expert Market expert and analyst talking about how the markets are in a bubble which I did mention that they are not I don't believe that they are because this Market is being compared to the 1999 Doom bubble and this is a very very different Market environment we are not in that same situation because a lot of these companies that we have talked about are backed with some very profitable earnings and Revenue and Company cash flows that to me they don't seem like they're in a bubble territory yes they might be trading at a very premium valuation a very expensive valuation so to speak but talking about them collectively and even on an aggregate basis for the entire Market it kind of seems like it is a bit frothy it is a little bit euphoric out there there's a lot of greed but there is no signs of a bubble in the market so Ray Doo founder hedge fund Titan Bridgewater Associates uh on Thursday mentioned in a LinkedIn post the bubble talk appears misplaced according to his six-part checklist and he breaks down the criteria for his bubble gauge high prices relative to traditional measures of value taking the present value of their cash flows for the duration of the asset and comparing it with their interest rates unsustainable conditions many new and naive buyers were attracted because the markets have gone up uh broad bullish sentiment a lot of the purchases being financed by debt and a lot of forward and speculative purchases made to bet on the price gains a lot of that he doesn't see that at the moment in the market some of those yes maybe you could argue that there is a lot of speculation among chip stocks and semiconductors and Nvidia and AMD and a lot of these AI infused companies uh but on a broad basis on a broadly speaking uh there is that lack of euphoria and that greed which doesn't make me believe at least that we're in a bubble so in other words uh this kind of seems like a little bit more reasonable as opposed to as opposed to kind of uh as opposed to looking at it from a very very overvalued and Rich perspective So based on dal's Equity bubble gauge the market right now is in the middle of the range at the 52nd percentile a level that hasn't been associated with the past bubble see in chart so this right here is going to be the bubble uh market bubble gauge US market bubble and of course we have seen us back in 2022 we were kind of in that bubble territory then we saw a bare Market we kind of see that bubble kind of deflate and right now we're kind of moving back higher but we're nowhere near close to that levels just yet now AMD stock of course pushing higher ramps up on AI chip production so a significant significant move to the upside for advanc Micro Devices pushing up over 9% but more importantly we did have the personal consumption expenditure we did have the actual inflation numbers uh come out so 1% increase month over month for personal income personal consumption expenditure so month- over Monon pce increasing by.
2% uh consensus was 0 2% also so kind of hitting expectations uh price index month over month up 3% in line with expectations year-over-year 2.4% and more importantly core inflation so for pce was also meeting expectations of 2.8% which again is still a little bit higher than the fed's target but the bottom line is that it's showing progress it's down from 2.9 to 2.8% so that is exactly what we are witnessing progress among personal consumption expenditure which is the pce core PC more specifically the fed's preferred measure of inflation when it comes to interest rates markets pricing in 3 to four rate Cuts in 2024 as as far as 2025 so this right here is the entire expectations for interest rates uh for us to go down from 5.25 5 1.2% down to 4 and A4 and 4 1.2% all the way through March of 25 so four rate cuts are being priced in at the moment for from uh Federal Reserve this right here is going to be technology of course communication Services uh green a lot of sectors pushing higher with Healthcare consumer defenses financials and of course industrial real estate energy all of them pulling back so the entire Market of course mostly green on the back of Technology which was once again pushing higher uh and a a lot of those sectors consumer defensive Healthcare we got financials we got real estate energy basic materials utilities selling off here on the day so again very very green day yesterday for the market uh with consumer defensive and Healthcare pulling back in the last one week of course most sectors are green energy Healthcare communication Services down and in the last month one month of course most sectors are green with energy and com Services selling off as well with Coco prices pushing higher we got deay 225 coffee prices pushing up feeder cattle and sugar prices were lower with Bitcoin pushing back up to over 61,000 and ether just over $3,300 as well if you come over to volatility so vix here once again pretty low and muted at just under 14 uh so again we've been watching this range between about 12 to 15 for quite some time this right here lots of consolidation in between that range and this red rectangle is going to be a very very important level to watch between 11 and 12 and of course 15 all the way up to 18 to 20 uh is where I would like like to start dollar cost averaging a little bit more aggressively we start to turn the dial to be a bigger buyer in the markets moving forward and crude oil really is starting to push right back up so this is a little bit more concerning because we're back up to that resistance at $79 80 a share and if we do end up let's say breaking out above that $80 81 is going to be that next Target and that next resistance to watch with a very strong support sitting in the low 70s for crude oil as well uh talking a little bit about Bitcoin now Bitcoin just over 62,000 continues to move higher but I would reiterate how overbought it really is at the moment we've continued to kind of rally and rip through this right here is a resistance that it's coming up to now at $69 to $70,000 pretty much the all-time high and support level is going to stay put inside this green rectangle between 47 and $51,000 for Bitcoin for ether once again we're coming up to that resistance of 35 3600 with a very strong support inside this green rectangle between 2100 and 2400 for ether as well with a very very overbought RSI at the moment as well so when it comes to individual stocks and the markets I will be doing our technical analysis on all these stocks all these companies uh in a more separate more detailed video um and uh that is going to be dedicated in in a separate video I'll be going over all the Magnificent 7even Fang stocks as well as PayPal and visa and Nas and all these other companies so that is going to be for a different video but this video I just wanted to kept it keep it very simple going over the market updates talking a little bit about where we are overbought of course from a technical perspective rayal and My Views are kind of very similar go over the personal exp uh consumption expenditure the inflation numbers and the bottom line is that this is still a market that is being powered on the back of this generative Ai and a lot of euphoria a lot of greed a lot of bullish momentum for magnificent 7 companies and stocks that are continuing to push higher Microsoft Nvidia AMD Amazon Google Meta Even apple apple to some extent of course we did have Salesforce pushing up a little bit over 3% uh but the bottom line is these are the stocks these are the names that are really just charging this Market High uh to new alltime highs uh and there is some lack of participation from other sectors and this is not a broad-based rally but rather a very concentrated rally so we have to be very cautious and very aware of the situation that we're currently in while at the same time I'm looking at raising more cash raising more Capital so that um so that I'm aware of if and when there is a pullback I'm ready to start deploying cash further once again and be a little bit more aggressive when it comes to dollar cost averaging back into the market so hope you all enjoy this video and a complete update on the markets here like I said I will be going over all the tech technical analysis on these magnificent 7 stocks in a more separate more dedicated video our newsletter is going to be coming out on Sunday with a full detailed analysis on inflation on interest rates with some potential swing trading ideas as well so if that's something that you interested in tradeable and investable opportunities links going to be down below if you want to access our newsletter as well happy investing and I'll see you all in the next video
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