Pre-Market Prep: The Real Reason Amazon and Nvidia Surged

[Money Morning Live] This Record Spells Trouble for Retirees By Matthew Carr It's a grand time to be an investor. Just past the halfway point and we have fields of green... The Dow Jones Industrial Average is up 4.25% in 2023. The S&P 500 has notched a 17% gain already. And the Nasdaq 100 is soaring, up 42%... a year's worth of returns in a matter of months. Even Bitcoin, as I [forecasted]( is rocketing higher. But underneath all of these bright and cheery headlines lurks a dark current. An unsettling trend - setting records of its own - that could be a harbinger of what's to come. [The report I read this week shook me to my core. And it was urgent that I share what I found with you now...]( --------------------------------------------------------------- --------------------------------------------------------------- Follow the Money With Garrett {NAME} The chart below shows that the "Magnificent 7" surged 53% through June 1, compared to the 11% return for the S&P 500 and the flat return for the rest of the index. And that's before the markets took off like a rocket in the last two weeks. Headlines would suggest the rise is solely due to sentiment around artificial intelligence (AI). But what if there's a factor everyone is overlooking? A few weeks ago, Deere (DE) and PepsiCo (PEP) took part in an AI conference showcasing the role of the tech in future operations. For months, the media reported AI would "unleash incredible profits for companies." S&P 500 stocks would require fewer workers. AI would unlock profitability and expand margins. But after that conference, no cyclical or industrial company that presented at the event rallied the way that Nvidia (NVDA) or Amazon.com (AMZN) has since the start of January. Not a single one. Nvidia's and Amazon's competition has imploded... and higher interest rates have created a series of anticompetitive situations that should only fuel optimism in the "Great Technology Oligarchy" growing out west. That's the least of what the Fed has done to screw over regular Americans for the benefit of the oligarchs... [To read on, click here, and you'll get every single one of my free Postcards going forward...]( Across Money Morning Time to Stop Playing Defense and Get Bullish... It hasn't always been easy to tell when slumps will give way to market upswings... But Shah Gilani spies a shift in equities that's telling him: [It's time to go long! Here's how...]( This "Super-Regional" Bank Is in Play This Week... Bank earnings are here, and one of the biggest laggards in the sector is trading 40% lower for the year. It's particularly exposed to the slow-motion commercial real estate disaster, [but Chris Johnson has a way to cash in...]( The Top of the Food Chain is More Attainable Than You Think... June 2023 represented the highest monthly returns for hedge funds in more than two years. In 2022, top hedge funds brought in 43% gains in 2022, while the S&P 500 lost nearly 20%. But Tom Gentile says these funds' returns are paltry compared to what they could be making with [this newly revealed trading strategy...]( This Will Take Your Trading (and Profits) to the Next Level... A Swiss Army knife comes in handy for, well, almost everything. It's there when you need it, doing what you need it to do. There's a little-known tool for traders, too, that can be just as versatile for making money - piles of it. [Garrett {NAME} is going to tell you everything he knows about it here...]( Chart of the Day: The Calm Before the Storm... Get Ready Now The Nasdaq is on track for one of its best performances in decades. Artificial intelligence (AI), cryptocurrencies, and semiconductors have propelled tech stocks to 52-week highs. But now the next test begins... earnings season. This is a volatile stretch we see every three months. And this week, we'll hear from 212 Nasdaq components. That may seem like a lot, but it's barely a drop in the bucket. Next week, 874 Nasdaq companies are on deck. And more than 1,200 in each of the two weeks that follow after that. So, enjoy what will be a comparatively quiet day and week. But rest assured, we'll make sure you're prepared for the flurry of reports that's about to come crashing down on us like a tidal wave. And for those that want to learn how to effectively - and profitably - tap this maelstrom, check out what our own [Tom Gentile has planned for earnings season here](. You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning Live. To remove your email from this list: [unsubscribe here](. Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning Live | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. 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