Charles Payne's Market Commentary

Afternoon Note

Magnificent Tuesday

By Charles Payne, CEO & Principal Analyst
8/13/2024 1:15 PM

Don’t look now but the Magnificent Seven and AI names are acting great today.

Meanwhile, the rate of change is surging as the NASDAQ 100 pierces the trendline.

At the moment, the market is still flashing extreme fear, but that’s often when you want to buy.

Of course, everything could change with tomorrow’s CPI and Thursday’s jobless claims. This is what Goldman Sachs (GS) is looking for.

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