WHY ARE MARKETS CRASHING TODAY?!?

NASDAQ Market Update and Nvidia Earnings Reaction00:00

NASDAQ market is in the red, but not by much. NASDAQ hit highs of around $620 per share leading up to Nvidia reporting earnings. After earnings, market retraced. Nvidia reported amazing earnings, but not surprised by retracement. MAG7 companies—Microsoft, Google, Meta—beat earnings and exceeded expectations yet dropped after. Common theme: buy the rumors, sell the news.

Should not freak out. Markets performing as usual. On 4-hour timeframe, NASDAQ has resistance at 630-640 for QQQ (NASDAQ ETF) and support around 600. Still trading within range. Markets hyped up before earnings and corrected after. Unfortunate for those buying highs, but Nvidia remains one of the most valuable publicly traded companies. At $195, not the best deal technically, but big picture, most innovative in AI revolution, selling shovels to Amazon, Microsoft, Google.

NASDAQ intraday consolidating, testing strong resistance. If rejected, likely retest 600 or low 600s. Be aware of overbought/oversold levels on intraday and larger timeframes—different perspectives.

PPI Report Impact03:00

Pre-market sell-off due to PPI report released one hour before open. Expectation 3%, actual 3.6%. PPI (Producer Price Index) measures inflation on producing side, often passed to consumers. Markets care more about consumers. Investors want Fed to cut rates for markets to push up, but Fed needs lower inflation—cutting rates is inflationary. Higher PPI supports less rate cuts, explaining drop. Not end of world.