On this week’s edition of StockCharts TV‘s Halftime, Pete takes a look at long-term trends. Semiconductors taking it on the chin. Inflation is still a problem. Bonds are selling off, and the Fed isn’t cutting rates until, in Pete’s opinion, the unemployment rate falls.
Pete then comments on names like PANW and NVDA. The former sold off big time with lower guidance, while the latter is set to deliver an important EPS report tonight after the close. Like Pete’s said on many occasions, you can’t win if you get into the ring with the invisible man. And EPS reports can blindside you, like it did on PANW.
This video originally premiered on February 21, 2024. You can watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV.
You can view all previously recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this link.