A pullback is healthy for stock prices to consolidate and move higher later on. I think Nvidia might have a pullback as investors cash out to take profit. The long term prospects are still there and demand remains strong across various international markets. So, the pullback might be a good time to add positions.


The market disconnect comes mainly from the optimism that trade deals will be struck by trump and there will be no recession. The market is generally forward looking so I think this disconnect will last till the next earnings when trump’s tariffs effect on the economy hits home harder than it is now.


The sports brand is a competitive industry with many of them having their production in overseas market with cheap labour. However, trump has already hit them with tariffs so I do expect sales and profit margin to be affected. Consumers are also more cautious with their spending which will compound the problem. So, I would prefer to stay clear of them.