'Don't Fight Nvidia' Or The Fed, Says Mohamed El-Erian, Urges Investors To Recognize Dual Influence On Market Dynamics
'Don't Fight Nvidia' Or The Fed, Says Mohamed El-Erian, Urges Investors To Recognize Dual Influence On Market Dynamics
"Market chatter these days suggests expanding it to "don't fight the Fed and, at least for now, don't fight Nvidia," he wrote.Allianz Chief Economic Advisor Mohamed El-Erian stressed the Federal Reserve's and NVIDIA Corp.'s (NASDAQ:NVDA) substantial impact on market dynamics, in a post on X on Thursday.
Allianz首席经济顾问Mohamed El-Erian在周四发表的一篇X上的发帖中强调了美联储和英伟达（纳斯达克: 英伟达）对市场动态的重大影响。
What Happened: El-Erian highlighted the long-standing market adage, "Don't fight the Fed," suggesting it should now be expanded to include Nvidia. He stated, "Whatever Nvidia does greatly impacts markets — just like the Fed."
El-Erian强调了久负盛名的市场格言"不要与美联储作对"，并建议将其扩展到包括英伟达在内。他表示:"英伟达所做的任何事情都会对市场产生重大影响――就像美联储一样。"
This statement underscores the pivotal role Nvidia plays in current market movements, akin to the Federal Reserve's influence. El-Erian's comments reflect growing market sentiment about Nvidia's substantial impact on financial markets.
这一表述凸显了英伟达在当前市场走势中发挥的关键作用，类似于美联储的影响力。El-Erian的评论反映了市场对英伟达在金融市场上的重大影响力的不断增长的情绪。
"Market chatter these days suggests expanding it to "don't fight the Fed and, at least for now, don't fight Nvidia," he wrote.
"市场传闻这些天都在暗示将其扩展到'不要与美联储作对'，至少暂时也不要与英伟达作对"，他写道。
"Don't fight the Fed" has long been a mantra in financial markets.
— Mohamed A. El-Erian (@elerianm) August 28, 2024
Market chatter these days suggests expanding it to "don't fight the Fed and, at least for now, don't fight Nvidia"!
Whatever Nvidia does greatly impacts markets — just like the Fed.#markets #investing #investors...
"'不要与美联储作对'在金融市场上长期以来一直是一个口头禅。"
"这些天的市场传闻表明，应将其扩展到'不要与美联储作对'，至少暂时也不要与英伟达作对！"
英伟达所做的任何事情都会对市场产生重大影响-正如美联储一样。#市场 #投资 #投资者...
Why It Matters: El-Erian's warning comes at a critical juncture for the markets. On the same day, the Nasdaq and S&P 500 futures were showing resilience despite Nvidia's recent stock dip. Nvidia's shares fell following its second-quarter earnings report, which, despite beating expectations, raised concerns about the sustainability of the AI rally.
这则警告出现在市场关键时刻。纳斯达克和标普500指数期货在同一天表现出了韧性，尽管英伟达最近股价下跌。英伟达的股票在其第二季度财报公布后下跌，尽管超过预期，但对人工智能行情可持续性的担忧引发了关注。
Adding to the market's complexity, traders are adjusting their expectations for the Federal Reserve's next moves. An upward revision of the U.S. GDP growth to 3% in the second quarter has led to a reevaluation of a potential 50-basis-point rate cut in September.
市场复杂性加剧，交易员调整了对美国联邦储备系统下一步行动的期望。美国第二季度国内生产总值增长预期上调至3%，导致重新评估了9月份可能降息50个基点的可能性。
The market is now keenly awaiting the release of the Personal Consumption Expenditure (PCE) price index report– scheduled for 8:30 a.m. ET Friday, the Fed's preferred inflation gauge, which could significantly influence future monetary policy.
市场现在急切等待个人消费支出物价指数（PCE）报告的发布，该报告定于周五上午8:30（美国东部时间），这是美联储首选的通胀测量工具，有可能对未来货币政策产生重大影响。
Moreover, the U.S. economy's robust performance, with an annualized growth rate of 3% in the second quarter, underscores its resilience amid high interest rates. This is the eighth consecutive quarter of growth, highlighting the economy's strength despite ongoing challenges.
此外，美国经济在高利率环境中表现强劲，第二季度年化增长率达到3%，展示了经济在持续面临挑战的情况下的强大。这是连续第8个季度的增长，突显了经济的强劲。
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Image Via Shutterstock
图片来自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本报道使用Benzinga Neuro生成，并由Kaustubh Bagalkote