oil down, stocks up
everything RIPPING except Nvidia
shows you how much of a drag oil has been on stocks, obviously certain names are still in huge drawdowns but we haven’t seen WTI sustain $87 for months
imagine if it actually goes down to $75
not horrible for equities
also interesting to note that the market has moved forward today WITHOUT Nvidia, implying that…maybe the market doesn’t need to be this dependent on one company which actually does feel more bullish on the overall health of equities
$NVDA $SPY $QQQ