Macro still matters. Sticky inflation, firm yields, and Fed rate-hike bets limit how far the rally can broaden. For now, it’s a $NVDA-led tape, not a broad risk-on move in $SPY or $IWM.
Market message: AI capex not slowing. $NVDA’s guide implies continued heavy spend on GPUs and infrastructure. That supports $AMD, $AVGO, $SMH, $SOXX, and keeps megacap tech in focus.
Macro still matters. Sticky inflation, firm yields, and Fed rate-hike bets limit how far the rally can broaden. For now, it’s a $NVDA-led tape, not a broad risk-on move in $SPY or $IWM.
Market message: AI capex not slowing. $NVDA’s guide implies continued heavy spend on GPUs and infrastructure. That supports $AMD, $AVGO, $SMH, $SOXX, and keeps megacap tech in focus.
Macro is stacking up for a volatile 48 hours. Tuesday: consumer confidence and new-home sales. Wednesday: PCE inflation, GDP, then $NVDA earnings after the bell. Friday: Fed Chair Kevin Warsh speaks at Jackson Hole. That’s three major catalysts that can reset positioning in $SPY.