Nvidia beat earnings by billions but its stock fell anyway because the good news was already priced in. The NASDAQ dropped 3%, Bitcoin fell from $92,000 to $82,000, and a short trading week due to Thanksgiving could see more volatility when major earnings reports hit Tuesday.
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If you checked your portfolio last week and panicked, then you need to hear this. So last week, the market absolutely lost its dag on mind. The NASDAQ dropped 3%, Bitcoin crashed from $92,000 to $82,000, and here is the wild part: Nvidia beat earnings by billions of dollars and the stock still fell. So what happened? Let me break it down real quick. So when everyone expects good news, it's called price priced in. The stock already went up before the earnings, so when the news comes out, even if it's great, there's no more buyers left. That's why Nvidia swung from up 5% to down 2% in one day. Now here's what matters for your money this week. The markets are closed Thursday for Thanksgiving. Friday it closes at 1 PM Eastern Standard Time, and we've got big earnings on Tuesday that could move everything. I just dropped a full breakdown on my YouTube channel covering what really happened last week and whether you should buy Bitcoin at $82,000 and your exact game plan for this short week. So comment "Bell" for the link and trust me, the full video will actually help you make smart decisions with your money.