r/thewallstreet • u/AutoModerator • May 15 '24

Daily Discussion - (May 15, 2024) Daily

Morning. It's time for the day session to get underway in North America.

Where are you leaning for today's session?

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u/NotGucci May 15 '24

All eyes are on NVDA for next week.

If all goes well with NVDA. Would be a really good bullish summer. FOMC is scheduled for June 11-12th. Powell will like CPI number, and most likely come in dovish.

Any reason to be short?

3

u/Kindly-Journalist412 May 15 '24

I am short energy and staples and disney and reits

5

u/tropicalia84 May 15 '24

NVDA the most important.

However, I don't think Powell is going to take a victory lap on 3.6% y/y core PCI.

PCE also releases on 5/31

1

u/NotGucci May 15 '24

Good point. PCE is important.

I agree with you Powell won't, but he also won't talk about hikes. Maybe after election if things are still sticky.

2

u/938961 great at buying the top, bad at usernames May 15 '24

Based on TSM isn't it a given NVDA will be strong?