David Meltzer

We had up 1,200 points after the election, and we had deferred the next couple of days. That was sort of a relief rally. And then we had probably a couple of days of a Trump rally, right? And then the market sort of flattened out and pulled back for a couple of weeks, trying to get bearings, all things waiting for the unemployment numbers and the payroll numbers that came in last week.

and they really, they do not disappoint, right? The numbers came in on Friday. They were good. Not great enough to take the interest rate cut at the next Fed meeting off the table, but good enough to make the rally, the market rally into record highs on Friday across the board, right? So just a few days ago, we were at record highs. Then we had Monday and Tuesday. Market started to pull back.

and they really, they do not disappoint, right? The numbers came in on Friday. They were good. Not great enough to take the interest rate cut at the next Fed meeting off the table, but good enough to make the rally, the market rally into record highs on Friday across the board, right? So just a few days ago, we were at record highs. Then we had Monday and Tuesday. Market started to pull back.

and they really, they do not disappoint, right? The numbers came in on Friday. They were good. Not great enough to take the interest rate cut at the next Fed meeting off the table, but good enough to make the rally, the market rally into record highs on Friday across the board, right? So just a few days ago, we were at record highs. Then we had Monday and Tuesday. Market started to pull back.

The reason market pulled back on Monday was all about Nvidia. Nvidia was being accused of some monopoly, trying to take over and corner the market in AI, I guess. And so that kind of took down the whole market with it. We know that happens very often. Seen it with Walmart, seen it with Tesla, seen it with Nvidia, when an individual stock, which carries so much weight in an index,

The reason market pulled back on Monday was all about Nvidia. Nvidia was being accused of some monopoly, trying to take over and corner the market in AI, I guess. And so that kind of took down the whole market with it. We know that happens very often. Seen it with Walmart, seen it with Tesla, seen it with Nvidia, when an individual stock, which carries so much weight in an index,

The reason market pulled back on Monday was all about Nvidia. Nvidia was being accused of some monopoly, trying to take over and corner the market in AI, I guess. And so that kind of took down the whole market with it. We know that happens very often. Seen it with Walmart, seen it with Tesla, seen it with Nvidia, when an individual stock, which carries so much weight in an index,

and just in the psychology of the marketplace, right? There's some stocks that everybody gets, that they've gotten their attention. And when they do that, everyone throws the baby out with the bathwater, right? And so the market tends to get flushed out with it. Well, that's happened on Monday, right? An attack on Nvidia around the monopoly question.

and just in the psychology of the marketplace, right? There's some stocks that everybody gets, that they've gotten their attention. And when they do that, everyone throws the baby out with the bathwater, right? And so the market tends to get flushed out with it. Well, that's happened on Monday, right? An attack on Nvidia around the monopoly question.

and just in the psychology of the marketplace, right? There's some stocks that everybody gets, that they've gotten their attention. And when they do that, everyone throws the baby out with the bathwater, right? And so the market tends to get flushed out with it. Well, that's happened on Monday, right? An attack on Nvidia around the monopoly question.

on Monday, and so the whole market kind of fell out of bed. When those days happen, I always say to people, look, if nothing's fundamentally changed, let's take that stock out of the equation and not really overreact. And those are the days where the opportunities lie. If the market sells off around one stock, but we've got everything else getting dumped with it,

on Monday, and so the whole market kind of fell out of bed. When those days happen, I always say to people, look, if nothing's fundamentally changed, let's take that stock out of the equation and not really overreact. And those are the days where the opportunities lie. If the market sells off around one stock, but we've got everything else getting dumped with it,

on Monday, and so the whole market kind of fell out of bed. When those days happen, I always say to people, look, if nothing's fundamentally changed, let's take that stock out of the equation and not really overreact. And those are the days where the opportunities lie. If the market sells off around one stock, but we've got everything else getting dumped with it,

and you didn't want to pay top dollar for the names you've been looking at stocks where you like the people, the process, the product and the profitability, right? The four Ps, then go after those names on those days, right? Because nothing is fundamentally changed. Find an opportunity and scoop stocks at a discount of five or $10 that you didn't want to pay top dollar for.

and you didn't want to pay top dollar for the names you've been looking at stocks where you like the people, the process, the product and the profitability, right? The four Ps, then go after those names on those days, right? Because nothing is fundamentally changed. Find an opportunity and scoop stocks at a discount of five or $10 that you didn't want to pay top dollar for.

and you didn't want to pay top dollar for the names you've been looking at stocks where you like the people, the process, the product and the profitability, right? The four Ps, then go after those names on those days, right? Because nothing is fundamentally changed. Find an opportunity and scoop stocks at a discount of five or $10 that you didn't want to pay top dollar for.

when the market has these little bit of pulls back. It's Monday, Tuesday. I said it to you. If you go back to the videotape, right, like Warner Wolf back in the day, I said, don't get excited about these days. We're off 150 on the Dow, 25 on the S&P. It's nothing, nothing to be worried about.

when the market has these little bit of pulls back. It's Monday, Tuesday. I said it to you. If you go back to the videotape, right, like Warner Wolf back in the day, I said, don't get excited about these days. We're off 150 on the Dow, 25 on the S&P. It's nothing, nothing to be worried about.

when the market has these little bit of pulls back. It's Monday, Tuesday. I said it to you. If you go back to the videotape, right, like Warner Wolf back in the day, I said, don't get excited about these days. We're off 150 on the Dow, 25 on the S&P. It's nothing, nothing to be worried about.

I believe that we're going to have some numbers coming in on Wednesday, Thursday, and Friday, and I believe they're going to be good. So hold your ground. And if you listen to me, and I'm not your financial advisor, right? Disclaimer, disclaimer, disclaimer. But it turned out to be right. CPI came in this morning, right? Looking for 3.3, came in at 3.3, did not disappoint.