Stocks Surge Amid Earnings Beats and New Market Leaders
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The market's current "melt-up" is likely to persist, fueled by money on the sidelines moving into stocks. Strong Q4 earnings driving positive analyst revisions.
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Nvidia (NVDA) and Super Micro Computer (SMCI) emerging as new market leaders as Apple (AAPL) and Tesla (TSLA) falter. SMCI surging on upcoming S&P 500 addition.
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Deflationary trends globally, but Fed still focused on core U.S. inflation returning sustainably to 2% target before cutting rates. Also monitoring employment situation.
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Biden likely Democratic nominee after Super Tuesday wins, but questions linger about his age/energy. Wildcard independent run by Robert F. Kennedy Jr.
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Fundamentally strong growth stocks acting like market leaders. Expect Fed rate cuts, economic growth, and investor optimism to drive rally, possibly surpassing 1999.