ASMLF - Nvidia Down 10% Time To Buy Tech
2024-04-21 22:55:15 ET
Summary
- The stock market has been experiencing unusual volatility in the past few weeks.
- High-flying stocks like Nvidia, Eli Lilly, and GE Aerospace have experienced significant sell-offs.
- Nvidia's recent drop may be due to concerns about its relationship with Super Micro Computer, but it is still considered the leader in AI technology.
The stock market has been acting strange for the last 2-3 weeks
The truth is, the market has been acting strange for longer than that. We have seen the volatility index trading under 15 for weeks, yet in the last 2 weeks, we are in a range from 16 to almost 20. The volatility index measures the 30-day forward projection of volatility, the higher the VIX the more volatility is projected in the near term. It is often called the fear gauge because it moves up when more individuals start to hedge. We've had low volatility for months, and that jibes very well with what we are experiencing now....
Nvidia Down 10%, Time To Buy Tech