After Powell's 'explosive' speech, the market entered 'nvidia time'.
Next week, NVIDIA, the giant of AI chips, will release its financial report for the second quarter. This is not only about NVIDIA itself, but also about the global technology and even the financial industry chain. S&P Global Market Intelligence predicts that the company's revenue growth is expected to slow to 113%, and revenue is expected to increase to $28.7 billion.
Wall Street Today | Market Sees Bright Future After Fed Talk
S&P 500 Rises After Powell Says 'Time Has Come' for Rate Cuts
Powell Issues Strongest Signal Yet That Rate Cuts Are On the Way
Nvidia 0DTE Holders Move to Longer-Dated Options, Tesla Options Jump After Powell Speech
The US Federal Reserve makes a major dovish turn! Powell hints at an upcoming interest rate cut: 'It's time to adjust policy.'
He explicitly pointed out that interest rate cuts are the future policy direction, with the reason being increasingly confident in inflation continuing to drop to the 2% target, while the Fed is not seeking nor welcoming a further cooling of the job market. He stated that the upside risks to inflation have weakened, while the downside risks to employment have increased. The policy direction has already been clarified, and the timing and pace of interest rate cuts will depend on subsequent data, changes in outlook, and risk balance.
Saab 69 : For me I think this pump is for the rich to exit before sept which is typically month for crypto as sell off month !
72085062 Saab 69 :
Trwils1230 : ahiiiiit they got economist on bloomberg talking about possible hikes with upcoming data, labor market issues with railroads and 2 to 5 years of posiationi g i yen carry trade still yet to unwind. seems like they are just building a narrative for to slow and low grind down.... that's the soft landing the engineered slow decent not a flash crash
102131911 Saab 69 : Gentle reminder. Do you remember July was historically a typical month for crypto to pump but did it happened? No.
What's making you think September will follow this so call historically dump month? Think again.
Sorry, just to throw a spanner into the works for fun.