Too late for NVDA and IGV – Or not
|S&P 500 took a premarket dive, struggled for direction during the open, and rebounded to make a lower high. Led by Nasdaq that has a better chart structure, and lately discussed AI universe led by companies beneting from NVDA success and upgraded NVDA itself is slowly outperforming as much as communications. The key development, the key story translating into trading and investing opportunities, remains the rise in yields and the dollar, with the accompanying retreat in rate cutting odds impacting several sectors (hello, the talked homebuilders, real estate and smallcaps).
Yesterday I featured the yields chart, today I‘ll comment more on the dollar strength as we see not merely yields differential, but also rising growth potential in the US compared to many anemic eurozone economies. Next, I‘m offering you the put to call ratio – what kind of (extreme) greed view that really offers, what do you think?
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