Veterans Day Trading: CoreWeave Lifts Tech as Bonds Sit Out and Rate-Hike Fears Linger
Stocks rallied on Veterans Day with the bond market closed, as CoreWeave's results revived the AI trade, Europe hit a record and traders braced for a Fed hike.
Conservative news from the nation’s capital
Wilmington, Delaware
What the pros are really doing with their money, from a trader who has seen every market since 1987.
The market doesn’t care what you think. Neither do I. Let’s look at the tape.
Ray grew up in Wilmington, Delaware, one of six kids of an Italian-American bricklayer. He talked his way onto a trading floor at nineteen and was in the pit on Black Monday in 1987.
He spent more than thirty-five years trading stocks, bonds, oil and gold, and ran his own trading firm for twenty of them.
He tells readers what the professionals are really doing, with a grin and no sugarcoating.
Stocks rallied on Veterans Day with the bond market closed, as CoreWeave's results revived the AI trade, Europe hit a record and traders braced for a Fed hike.
After a hot inflation report, two Federal Reserve officials signaled the central bank may need to move faster.
The Dow lost 1,833 points and the Nasdaq fell into a correction as chip and data-center stocks collapsed.
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