BY MARK SEBASTIAN
August 23, 2023
Hey Trader,
It’s Mark Sebastian, back with your Midweek Update. This week has brought some interesting market movements, with attempts at rallies, pullbacks, and notable shifts.
In today’s video, we’ll dive into the recent market dynamics, paying close attention to:
- The bond market
- Key stocks like NVDA
- Potential market directions and
- Upcoming earnings to watch…
And here are some key points to consider:
The upcoming Jackson Hole event might lead to increased market activity and is contributing to the current bond market strength.
The Magnificent Seven (Apple, Amazon, Google, Meta, Microsoft, Netflix, and Nvidia) are benefiting from the bond market’s movement, with several of them showing gains.
And
There’s huge potential for a turnaround in the QQQ (Nasdaq 100 ETF) if interest rates have bottomed.
So watch today’s Midweek Recap below and don’t miss Bill and Frank’s talk tomorrow at 10:00 AM ET.
Your only option,
Mark Sebastian
Mark Sebastian
Founder & CEO, Option Pit
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