2/24/25 Live Trading Room Market Recap & Trades
With focus on: Upcoming Macro Event Risks & NVDA Earnings
Buyers Stepped Away
And mean reversion is in play on many of the high-flying stocks. NOT a surprise on either. Neither is the sideways chop in indices since the election.
On Friday, we saw the biggest selling in markets this year, which I highlighted in advance given the troubling divergences I spied Tuesday - which have still not resolved. Translation: still not safe next few weeks, which I keep harping about.
Also, remember ALL those March VIX calls I called out? They are still there, for all the reasons I detailed post-Friday’s live trading room recap.
Pick your poison:
Japanese bank run/yen carry trade/rate differential as trigger
NVDA earnings disappointing potential on Wednesday
Jobless Claims Thursday morning with unemployment spike potential next Friday
Congress must reconcile or Govt shut down is a potential for March 14
(and for the superstitious) March 14 is the first total eclipse of the year (there are a few this yr stunningly!)
Speaking of Nvidia earnings, Hans & I will be live during the announcement Wed after the close! Join us live here for Macro-to-Micro OPTIONS Power Hour!
We also have HD, CAVA, HIMS, ZM, TEM, INTU, CPNG, TJX, SNOW, VRTX, DELL … all discussed live and/or active trades for many past few days/weeks.
Trump Targeting China Investments
Tine to protect! As mentioned premarket this morning, new policies have entered the market. I wrote a Market Thoughts on this subject that will be pushed out tomorrow. It is the reason-for-the-season in the sell-of in Chinese stocks. And it will require your attention if long!