S&P 500 heads for best day since April as chips rebound and oil falls

Good evening, investors 🌙

🚨 Wall Street just roared back: S&P 500 on track for its best day since April!

📊 S&P 500 ~+2.4% | Nasdaq ~+2.7% | Dow ~+2.2% (intraday)

⚡ Chip index +6% after a -12% week: $AMD ~+12% on an Oppenheimer upgrade, $AVGO ~+9%

🔻 The one loser: $NVDA ~-6% as its board probes reports around CEO Jensen Huang

🛢️ Brent ~-4.9% to ~$93.5 as Trump plays down new Iran strikes, easing inflation fears

🟢 Bull case: Analysts called last week's AI rout overdone, oil is cooling, and breadth is huge, with every S&P sector green.

🔴 Bear case: Tuesday's CPI and December rate-hike fears are still ahead, and Nvidia's leadership questions could cap the AI trade.

Relief rally or bull trap? Are you buying this bounce or waiting for CPI? 👇

$AMD $AVGO $SPX500 $NSDQ100 $NVDA $TSLA $AAPL $MSFT $AMZN $META $GOOG $BTC

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I managed to buy $AMD and it paid off!

I shorted $AMD on Thursday; fortunately, I'm no longer short :)

That's a nice bounce. It would be good to see a little more growth by the end of the week :)