P.O.:Observations on Recent Market Trends and Economic Indicators
NVIDIA dropped by 2.8% yesterday but surged by 6% to 8% in after-hours trading before settling at a 6% decline after adjustments. Such a phenomenon further emphasizes the bubble potential I've been closely monitoring in the U.S. stock market. Previously, I had set 5000 points as a profit-taking level based on my personal assessment, yet once again, I find myself unable to surpass that threshold.
Despite numerous recent indicators suggesting economic recovery, it hasn't translated into a rise in indices. The leading economic indicators have begun to rebound from the bottom, typically signaling an upward trend in stock prices. However, despite the ongoing economic recovery, stock prices have not experienced the expected downturn. Global exports are also on the rise, indicating an overall improvement in economic conditions.
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