It was less than a month ago that many of the major stock indexes were hitting 52-week highs. Interest rates started rallying as a result. And that put pressure on stocks. So on this episode of Making Money With Matt McCall, Matt discusses the recent pullback in the market. Is it the start of something much bigger? Or is it simply a necessary and normal period of weakness that’s common in a new bull market?
Matt highlights 15 niche sector exchange-traded funds (“ETFs”) that have pulled back from their recent breakouts and are now sitting on support levels. That means that if stocks restart their rally, these ETFs should be ready to outperform. Then, Matt shares his thoughts on Nvidia’s (NVDA) upcoming earnings report and this week’s annual Federal Reserve meeting in Jackson Hole, Wyoming. And finally… he poses a question many people might dread: Are the government-enforced COVID-19 shutdowns about to come back?
#investing #stockmarket #federalreserve #inflation #artificialintelligence #bitcoin
00:00 Market Momentum
5:53 Reward to Risk Opportunity
7:49 Upcoming Jackson Hole Symposium
9:50 ‘Godfather of AI’ Hits All-Time High
11:12 Latest COVID News Impacting Stocks
13:47 Top ETFs Pulling Back
16:28 Top Holdings That Have Similar Breakout Potential
18:45 Coinbase and Bitcoin in Trouble?
20:40 Four ETFs You Can’t Ignore
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