Financial News vs. Noise
Matthew Tuttle Keeps Challenging the Establishment-ETF.com
September? Powell Signals Rate Cut Coming Into View but Declines to Say When-WSJ
About as expected yesterday. Strong risk on out of the gate with strength in the “Trump” names and weakness in the non Trump names. Faded a bit as traders took profits. The rally continued to broaden out as small caps and the Dow outperformed the Qs and SPX. NVDA was down and the Magnificent 7 was mixed.
Solar’s got crushed as the non Trump trade. My sense is you still buy the dip on any power name, clean or dirty. AI is going to have such a need for power that nobody is going to care where it comes from. Utilities were also down big. I bought NEE and XLU and CEG is on our watchlist today if it dips.
UUUU also dipped so we added that. Already own URA in my longer term account.
Would continue to buy any dips in power related stocks.
Not sure what to make of this, can’t imagine we would get a delayed reaction. Gold Futures Rise in Delayed Reaction to Attempted Trump Assassination-WSJ
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Matthew Tuttle is the Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management, LLC.
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