Joel Elconin – NVIDIA Price Action, Market Correction Potential, Does Economic Data Even Matter?
Cory
June 21, 2024
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins me to discuss the run in NVIDIA, earlier this week being valued higher than Microsoft, the concentration of money in tech stocks, and what it all means for market averages. We discuss the potential for market corrections, the defensive nature of tech stocks, and the lower VIX. Looking past just the charts I ask Joel if economic data could truly move markets or if we are simply in a holding pattern waiting for central banks to further cut rates.