GDP Surprise, Market Selloff, and AI Opportunities

July 25, 2024 | [Read Online]( [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20TheoTrade%20%28FOMO%29&body=GDP%20Surprise%2C%20Market%20Selloff%2C%20and%20AI%20Opportunities%3A%20%0A%0Ahttps%3A%2F%2Ftheotrade.beehiiv.com%2Fp%2Fgdp-surprise-market-selloff-ai-opportunities) Good evening traders, Blake Young here. We've got a market situation that's turning inside out on us. [In today's video](, we're diving into some unexpected market reactions to the latest GDP numbers. We saw better-than-expected growth, with Advanced GDP coming in at 2.8% - nearly double last quarter's revised 1.4%. But here's the kicker: instead of rallying, we've broken through major support levels, erasing six weeks of gains in just two weeks of trading. We're seeing some interesting sector rotations too. Energy, industrials, financials, and basic materials are showing strength - typically a sign of early economic expansion. But tech and communications? They're taking a hit. We'll break down potential trades in the industrial sector, including a closer look at aerospace and defense stocks like Raytheon and Northrop Grumman. And for those of you tracking the AI space, we'll examine whether this tech pullback presents new entry opportunities in stocks like Microsoft, Google, and some lesser-known players. But that's not all. We're also going to discuss how gold prices and Treasury yields are factoring into this complex market picture. And I've got some thoughts on Visa's recent performance that might change how you're viewing consumer spending and overall economic health. This is a packed video with a lot to unpack. If you want to understand these market dynamics and potentially spot some trading opportunities, you'll want to watch this one. [Join me as we navigate these choppy waters and try to make sense of where we're headed.]( Unlock the Power of A.I. Timing Webs! Raid The Webs Alongside Gianni For Your Own Chance At New A.I. Wealth… This Week… And Every Week To Come! - ✨ Discover unique A.I. Timing Webs for every stock - 🔮 Predict algo-driven price movements - 💹 Gain a true trading edge in the algo-dominated market - 📈 Benefit from Gianni's expertise - He's TRIPLED S&P 500 returns in 4 years! - 🚀 Receive foolproof alerts for potential easy money opportunities "This is easily the most exciting find of my trading career!" - Gianni [Join Gianni Now!]( TheoTrade Daily Chatroom Schedule Friday, July 26, 2024 - 9:20 AM - 10:30 AM: Ring the opening bell with Don - 10:30 AM - 11:30 AM: Trader's Masterclass with Professor Jeff Bierman - 11:30 AM - 12:30 PM: Swing Trading Excellence by Gianni Di Poce - 12:30 PM - 1:15 PM: Blake Young's Top-to-Bottom Market Analysis - 1:15 PM - 2:00 PM: Brandon Chapman's Options Spotlight - 2:00 PM - 3:00 PM: NQ Futures Hunting with Tony Rago - 3:00 PM - 4:00 PM: Range & Trend Strategies: Corey Rosenbloom's Playbook [Join the Chatroom]( [fb]( [tw]( [ig]( Update your email preferences or unsubscribe [here]( © 2024 TheoTrade (FOMO) PO Box 24790 Christiansted, Virgin Islands 00824, United States of America [Terms of Service](