Nothing to sweat, told you [Video]
|NVDA didn‘t disappoint, good earnings, and neither did the sellers of good news. Just as S&P 500 broke to new ATHs and momentarily wavered there, this AI trade is going to stay with us. Retreating yields, such a clear a move ahead of core PCE, is noteworthy – while I do expect a bit hotter number tomorrow, I will reevaluate expectation accounting for upcoming price action – for now, all clients (swing and intraday) have been and are benefiting mightily on the stock market appreciation… new month is starting soon, so treat yourself to good calls in gold, silver, miners and oil as well (copper has been tricky for over a week with its gap closure games – tricky as in requiring patience).
That dollar is just refusing to remain up, and little wonder if you look at yields (on the short end) – get on top of these subjects and more in today‘s video.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.