Prospero.Ai Trading Letter

Prospero.Ai Trading Letter

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Prospero.Ai Trading Letter
Prospero.Ai Trading Letter
Wacky Day

Wacky Day

Prospero.Ai 5/23/24 Trading Letter

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George Kailas
May 23, 2024
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Prospero.Ai Trading Letter
Prospero.Ai Trading Letter
Wacky Day
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What an odd day. Sort of. NVDA was going to be the event but based on the data what I believe we are seeing is the market was convinced NVDA was going to nail earnings (evidenced by their 100 Net Options Sentiment for months).

So what I belive we are seeing is a “sell on the news” event. Not on NVDA because how could you sell with the numbers they posted? But we are collectively seeing the market wear off its exuberance around AI / NVDA. The question is, just for today? Or is this a larger correction?

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