• 2 months ago
Benzinga's PreMarket Prep is the #1 go-to source for everything you need to know before the market opens! Join our expert hosts as they break down the latest market trends, analyze key indicators, and provide actionable insights to help you navigate the trading day ahead.
Transcript
00:00The relative strength was really good. Even though S&P was rolling over, the relative strength on
00:04NVIDIA was really good. And it was that for a lot of stocks, like a lot of tech stocks,
00:09you could really feel tech holding up. And that's why I'm just going to say it again,
00:12I think, you know, obviously after yesterday makes it easier, but I said it yesterday morning,
00:16I think we may end the year like we started the year with tech leading the way.
00:20Even though everybody thinks the IWM catch-up trade is coming, I just don't think investor
00:25mindset cares about those stocks. And it's hard to start caring about those stocks. You can say,
00:30well, you know, if they start going up, then people start to care. But it's like,
00:34that's the problem. It's like, who's getting those stocks started? Who's coming into the
00:38small caps and saying, yeah, I'm selling NVIDIA and I'm buying all these small caps because this
00:43is the catch-up trade and this is going to happen. It's not what I'm seeing in any media.
00:47You don't see them talking about these stocks. You see them talking about AI. It's still AI, AI.
00:52And to be honest, it's still story that drives market action. And the story is still there.
00:58That's why I think you got to be buying tech on pullbacks.

Recommended