So what do all you stock market fans think? Yesterday’s
very strong showing was bolstered by the likelihood that Microsoft gets the whole OpenAI team for nothing. (of course they will be paid well, but the company was valued around $80 billion and an actual purchase would take multiples of that) Do you think that represents the final blowoff top of the straight up move of the last three weeks or will today’s typical Tuesday counter trend correction just be a one day pause in a rally that lasts until year end? Of course the catalyst that should decide which of those two outcomes play out will come after today’s close when Nvdia releases their earnings. The outlook and market reaction(not so much after hours but in tomorrow’s session) should give clues as to how the market procedes for the rest of 2023. Any insights or guesses?