Nvidia Reignites A Global Rally In A.I. Stocks

Despite Fitch putting the US's credit rating on negative watch, global markets are largely brushing off debt-ceiling risk. Weston Nakamura comments on the knee-jerk market reaction to the Fitch headline of strength in the yen and in gold, and also provides color on how the largest foreign creditors to the United States, the Japanese institutional investors, are viewing a potential US default, and what they are doing in the US Treasury markets. Weston also provides a potential trade set up in the event of a US technical default outcome.

Weston then discusses the massive market impact on Asia shares during the trading session off of Nvidia's huge guidance beat - as Advantest, Tokyo Electron, TSMC, SK Hynix and other stocks across the Asia region rallied, and thereby lifted the Nikkei225 index back into positive territory.


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Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

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