Bulls are back in town, but caution is advised
- Stocks are getting more expensive, fueled by FOMO
- Options markets show signs of FOMO
- Nvidia’s rise in stock price may lead to a growth-stock selloff
- Resilience in the face of inflation data and FOMC minutes
- Evercore recommends defensive sectors over economic sensitive sectors
- Nasdaq-100 and S&P 500 futures are up after Nvidia results
- Nikkei 225 index closed at its highest since 1989
- Nvidia, Super Micro, Arm Holdings, AMD, and Marvell Technology stocks are climbing
- Disappointment from EV makers and SunRun’s poor results
- BuzzFeed’s stock surges after selling pop-culture site Complex
Stocks are on the rise, driven by the fear of missing out (FOMO) mentality. Options markets are showing signs of FOMO, with calls becoming more expensive compared to puts. This could be a precursor to a potential selloff in growth stocks. Despite concerns about valuations and rising inflation, the market remains resilient. However, Evercore recommends focusing on defensive sectors and avoiding economic sensitive sectors. The futures for Nasdaq-100 and S&P 500 are up after Nvidia’s strong results. The Nikkei 225 index closed at its highest level since 1989. Stocks like Nvidia, Super Micro, Arm Holdings, AMD, and Marvell Technology are experiencing gains. On the other hand, EV makers and SunRun are facing disappointment. BuzzFeed’s stock surged after selling one of its properties. Caution is advised as stocks continue to get more expensive.
Factuality Level: 2
Factuality Justification: The article contains a lot of irrelevant information, tangential details, and opinion presented as fact. It lacks depth and critical analysis of the topic, focusing more on sensationalism and market speculation.
Noise Level: 2
Noise Justification: The article provides a lot of detailed information about the stock market, including specific stock performances, analyst opinions, and upcoming economic indicators. However, the article is heavily focused on financial markets and may not be relevant to all readers. It lacks a broader context or analysis of the implications of the market movements discussed.
Financial Relevance: Yes
Financial Markets Impacted: Nvidia’s stock performance is sparking stock records from Tokyo to Paris, indicating a sizzling start for Wall Street.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the stock performance of Nvidia and its impact on financial markets. There is no mention of any extreme events.
Public Companies: Nvidia (NVDA), Super Micro (SMCI), Arm Holdings (ARM), Advanced Micro Devices (AMD), Marvell Technology (MRVL), Rivian (RIVN), Lucid (LCID), SunRun (RUN), BuzzFeed (BZFD), Tesla (TSLA), Apple (AAPL), Amazon (AMZN), Palantir (PLTR), Microsoft (MSFT), Nio (NIO)
Key People: Julian Emanuel (Strategist), Philip Jefferson (Vice Chair), Patrick Harker (Philly Pres.), Lisa Cook (Fed Gov.), Neel Kashkari (Minneapolis Pres.), Christopher Waller (Fed Gov.)
Reported publicly:
www.marketwatch.com 
