The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in response to investors losing confidence in the AI trade in general. Carl gives us a complete picture of the Magnificent Seven in the short and intermediate terms. It doesn't look very good.
Carl also gives us insight on the condition of Intel (INTC) which has been discussed as a good reversal candidate. Carl gives us his opinion on whether we should be buying INTC or not.
Erin looks inside darling, Consumer Staples (XLP) using DecisionPoint "under the hood" charts to understand the actual health of the sector. She also dives into Energy (XLE) which is on support and Consumer Discretionary (XLY) which has been in a holding pattern. Participation gives us a hint as to where it is likely to resolve.
The pair finish the program with a look at viewer symbol requests.
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01:23 DecisionPoint Signal Tables
03:57 Market Analysis
13:22 Magnificent Seven Short and Intermediate Terms
22:25 Discussion on Intel (INTC)
25:40 Sector Rotation (Coverage of XLP, XLE and XLY)
34:05 Questions (Nuclear Energy ETF)
40:02 Symbol Requests
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