11-21-24 Nvidia Doesn't Disappoint
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Nvidia absolutely slayed their quarterly earnings report, reporting an incredible 55% profit margin on their chips, with $35-billion in revenues (I know, Lance said, "Trillion;" it's Billion.) Stocks may trade down a bit this morning, but still within a very bullish trend. Palo Alto Networks also had a good report, beating estimates. Snowflake, however, barely beat estimates, and is up 21% this morning; why the difference? The markets, as of late, have been a "dash for trash." The Dollar Index continues to accelerate. But Bitcoin, the supposedly "Dollar Debasement" play, has been rallying right along with the Dollar. Bitcoin, approaching $100k, is NOT a dollar debasement asset; it is a risk-on asset. Bitcoin is essentially a dollar asset because, in order to use it, you have to convert Bitcoin back into Dollars. Be careful: Both the Dollar and Bitcoin are extremely over-bought at this point. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=j1rOq_VH06M&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Nvidia #PaloAltoNetworks #Snowflake #BitCoin #DollarDebasement #RiskOn #RiskManagement #SellAssets #PostElectionRally #SellSignals #MarketRisk #Gold #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing
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