📈 Making Sense Of The Bull Market

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Good Morning!

In today's whirlwind edition, we're untangling the intriguing tale of our current bull market. It's like a rodeo out there, folks, and we're here to help you stay saddled up!

Next, rev your engines for a bit of a bumpy ride: Tesla's stock just skidded down nearly 5% after missing their Q1 delivery targets. And finally, hold onto your hats – we've got a surprise leader racing ahead in the AI stock derby, and guess what? It's not Nvidia! This underdog is lapping the field in 2024, proving that in the world of AI investing, expect the unexpected!

Grab your matcha latte and let's get into it! ☕️👇️
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Markets

Making Sense of the Current Bull Market (7 minute read)
Alright folks, gather 'round for the latest market rollercoaster ride! We've got ourselves a shiny new bull market - that's a big yes! But let's not pop the champagne just yet. Despite our upbeat start, the past couple of days have been more 'meh' than 'yay', with the stock market doing its best impression of a grumpy cat. Yep, all three major averages decided to take a little nosedive, just to keep things interesting.

Now, the bigwigs are all eyes on the economy's path and the Fed's magic tricks with inflation. Remember, even in a bull market, stocks can't just skyrocket non-stop (we wish, right?). They need their beauty rest too. Think about it – after last year's dazzling 26% jump and this year's sprightly sprint, it's kinda expected they'd want to chill for a bit. A bit of a pullback or a time-out? Totally normal, totally healthy. So, no need for panic stations, it's just the market's way of keeping us on our toes!

Investing

Tesla stock tumbles almost 5% after big Q1 delivery miss (5 minute read)
Tesla's stock (TSLA) just did a not-so-graceful swan dive after their latest deliveries went a bit off-script. Picture this: they were aiming for the stars with a forecast of 449,080 electric cars off to new homes, but landed in the mud with only 386,810 making the journey. Even their production lines couldn't keep up the pace, missing the mark.

And here's the kicker: this stumble isn't just a blip compared to last quarter’s 484,000 deliveries, but it's also a frown-inducing flashback to last year's brighter days of 423,000. Investors weren't too thrilled, sending Tesla's stock 4.9% downhill on Tuesday. Yep, even in the world of flashy Teslas, sometimes you hit a speed bump.

The AI Stock Lapping The Field In 2024 — It's Not Nvidia (6 minute read)
Nvidia (NVDA) is having a pretty stellar 2024, almost doubling its stock price. But, Super Micro Computer (SMCI), the new kid on the S&P 500 block, more than tripled its value this year – talk about an entrance!

Also joining the party are Constellation Energy (CEG), Meta Platforms (META), and the freshly minted S&P 500 member, Deckers Outdoor (DECK). They're rounding out the top five performers like a dream team. Nvidia and Super Micro are getting high-fives all around for their AI prowess, and even Meta's in on that action. Surprisingly, Constellation Energy is showing off some AI moves too.

But it's not all sunshine and rainbows in the S&P 500 playground. Tesla (TSLA) and the aerospace bigwig Boeing (BA) are sitting in the corner, wearing the 'biggest losers of the year' hats. Ouch, that's got to sting a bit in such a high-flying club!

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