the reason I'm here is because of watching CNBC ticker dashboard with soxs rolling frequently, but not surprised that the Awesome one has already beat me to it! Moments ago on "last call" played a clip of Biden reiterating that the interest rates will come down, so things will get very interesting on Monday.
AwesomeAvani
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@chartsosci, Yes with NVDA rolling over , it is somewhat obvious that sem-conductor stocks are overextended and due for a correction. As to Biden pronasticaticating on interest rates this is a nobrainer ( pun not intended ) for the " Big Guy" as his sone calls him. rates cannot go higher therefore they have hit the ceiling and will come down at some point. I reasonably predict that will occur in July or August whether the economy is ready or not because the fed will try to give the incumbent a boost going into the thick of the campaign while Jill and Ms. Harris hit the trail while the incumbent catches up on some beach time in Delaware and contiues to let the powers to be run DC and the rest of the country to a certain extent. Many will welcome even a token rate cut as a breath of fresh air, myself included. Not at all a surprise, infalation has weakened the dollar considerably. Gold prices and value are not going up. it is simply a matter that they are steady and pricing in inflation. Noentheless, the gold paly may be the best in the playbook at this particular time. Enough said.
Moments ago on "last call" played a clip of Biden reiterating that the interest rates will come down, so things will get very interesting on Monday.