Morning Market Notes 02-27-25: GDP

Market Calendar

$SPX & $QQQ

$NVDA Q4 earnings report delivered as expected. When Wall Street is buying, there’s no point in being bearish on this stock—simple as that.

Now, we got an inline GDP print with barely any market reaction.

What did seem to trigger some movement was the hot jobless claims print—looks like DOGE is doing its job.

With EOM flows tomorrow and the PCE data (which the Fed loves), what can I say besides I don’t expect much from today’s sesh.

While I was writing these notes, news on tariffs hit, causing the 8:30 am candle on $ES to jump over a 30-point range.

GDP + a 30-point range pre-market triggers the unc2.0, so I’m rolling with it.

Let’s have a great one.

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