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Friday Speedrun: February 23, 2024
Worries about overvaluation, rising volatility, poor seasonality, a less dovish Fed, rising inflation, NVDA channel-stuffing FUD, and twin solar flares were not enough to keep stocks down this week as NVDA crushed earnings and left the bears scuffling. Stock markets around the world are making new all-time highs all at once as money flows in and fear flows out. Even the beleaguered Nikkei cracked the ATH this week, finally allowing anyone who bought in 1990 to show a profit. tweet While that tweet is hilarious, it’s worth noting that stocks also earn dividends. It’s one of many reasons it’s really, really ... (full story)