Don’t fight the Fed; not even Nvidia can do that
Nvidia’s market cap rose by $218 billion (!) after its sales tripled
But some negative words from Jay Powell and a rising US PMI more than counteracted that
An “S&P 500 excluding Nvidia” index would have dropped 1.2%.
What was the problem? Ultimately, it was the bond market. After a big dip earlier this month, the two-year Treasury yield is almost back to 5%.
John Authers Bloomberg 24 maj 2024
Bond Market Selloff Overshadows Nvidia's Impressive Earnings - Bloomberg
Stockholmsbörsen går mot helg med svagt sjunkande index i kölvattnet av nedgångar i USA.
https://www.di.se/live/nedat-pa-borsen-storbanker-faller-efter-reksankningar/
Börsen 23 maj 2024
https://englundmacro.blogspot.com/2024/05/borsen-23-maj-2024.html
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