Another new month started today with disappointing macro numbers out of US. USA’s PMI numbers have decreased to 47.8 points in Feb from 49.1 points. It was 16th months in a row that PMI numbers remained under 50 points levels, which indicate that overall economy is in contraction mode.
But today, S&P 500 and NASDAQ index set up new highs again, and NVIDIA’s market value rallied over $2 TRILLION for the first time.
So, what’s the real market value of USA? Those hot money which lost where to go, supporting overpriced equity markets? If we have any leftover money for the invest, should we go for those AI stocks? Or should we wait for a bit more because we’ve just witnessed what happened to those EV markets.
Is that AI the real savior for the market? Or just another over-valued scam?
US stock market was up again on the first day of March.
DJ index was up 0.2%, S&P 500 index was up 0.8% and NASDAQ index was up 1.1%. S&P 500 index and NASDAQ index reached another new high today. NVIDIA’s stock rallied again, up 4.0%, closed above $ 2 TRILLIONS in market value.
