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Did The Market Just Break? | Lance Roberts
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The stock market experienced a massive reversal after Nvidia announced another blowout earnings report.
Nvidia, the S&P and the Nasdaq all shot higher at first...but then gravity took over.
On Thursday, Nvidia opened up nearly +6% but then fell to close the day down more than -3%. The major indices closed in the red, as well.
Wall Street had pinned its hopes on Nvidia jump-starting the market back into rally mode. That clearly didn't happen.
Does this mark a turning point?
Where guidance, no matter how fantastic, can muster the buying frenzy that we've seen for years now in AI stocks?
Or, is this just a temporary pullback?
Lance Roberts and I discuss the odds, as well as the latest jobs data, whether the Fed is likely to cut interest rates next month, and Lance's firm's latest trades.
For everything that mattered to markets this week, watch this Market Recap.
#nvidia #aibubble #ratecut
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