US Open– 23 February 2023 (Video)
Watch today’s US Open for commentary on Nvidia’s AI-boosted forward guidance, the FOMC minutes and yesterday’s RBNZ policy decision
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Watch today’s US Open for commentary on Nvidia’s AI-boosted forward guidance, the FOMC minutes and yesterday’s RBNZ policy decision
Wednesday’s accounts from the Fed’s last meeting confirmed the higher-for-longer narrative, but the tech-heavy index finds support, with the help of encouraging forward guidance by Nvidia
Markets fell yesterday, with the US30 declining 1.67% on the day. The decline shows concern regarding the Fed’s rate hiking path, with the “higher for longer” paradigm pricing in, as the flash PMIs came in hotter than expected.
Watch today’s US Open for commentary on the latest data from the US that put pressure on Wall Street, the lower than expected UK inflation and its impact on GBP/USD, the recent earnings releases and more
Watch today’s US Open for commentary on the just released US CPI inflation data and the reaction of EUR/USD and NAS100, insights on Disney’s recent quarterly results and more
During the current week of February 6-10, we had high-profile companies such as Disney, reporting their quarterly results, while tech giants threw their has into AI chatbot arena to rival ChatGPT
The entertainment giant lost 1 million subscribers in the last quarter and announced a restructuring plan, which includes cost and jobs cuts
The US30 chart is on the cusp of moving back into its bullish channel between the upper blue and red bands. A cross into this region is positive.
After Friday’s blowout employment report, markets are now pricing a higher Fed terminal rate, which weighs on the stock market, along with recent mostly poor tech earnings and US-China tensions
Netflix and Meta Platforms provided encouraging quarterly results, but yesterday’s earnings reports by the rest of the FAANGs (Apple, Amazon, Alphabet) were troubling
The tech index builds on Wednesday’s gains as the Fed pointed to more tightening, but appeared less aggressive, while Meta Platform’s results spurred optimism
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