Nvidia Almost Became the Largest Company Again as Stock Hits New Record
The chip maker’s market value briefly surpassed Apple’s in intraday trading Monday, according to Dow Jones Market Data. At one point this afternoon, Nvidia stock was up 3.8%, putting the company’s market cap at $3.707 trillion, according to the data provider. Apple stock, meanwhile, was up 0.7%, valuing the company at $3.703 trillion.
Just to put things into perspective – this is a nice downtrend channel
Resistances : 1.04550, 1.05150 & 1.05350
Supports : 1.03750, 1.03350 & 1.02950
Not being able to cash in on this rally – to stay above 1.04250 indicates that next move should be down. Do not get surprised,or even worse – taken into frenzy – if it tries once again to get over it.
Since both Germany and France will have soon to vote I doubt any EURUSD clear reversal could be printed. Yet anything might happen, one never really knows.
But feeling in the more educated Europe is that the EU has been badly built upon some models too old inadequate to present times.
Also Europe is a dust of bad history put under too many rugs.
Since Its 80 years since the 2ndWW I believe It would be time Europe starts to make peace with Its own (dark) history.
I won’t comment the Markets colossal manipulation over a small liquid day.
Some guys at the top were preoccupied in losses?
Been reading somewhere about a recent visit from Jay Powell to the former President Bush. What did they say?! Is there anything We don’t know yet.
All seem returning to a pseudo stability levels, for what stability has now long time gone. Central banks are loosing credibility, for control over markets was merely that of a psychologist over Its patients.
This while top notch economists calculated that the current US Fiscal Policy has still to push the whole of the US Yields at least 0.25% to 0.5% higher.
Good the article from Gasparino posted by GVI earlier upon the US rating in that sense.
What else
Since its 80 years since the 2nd WW some interesting articles are printed around. One I was reading, was upon an of once conspiracy theory, now reality.
And some might wonder upon the real motives behind the Credit Suisse recent collapse. (of note also First Boston, also some several Hedge Funds as also a world wide banking giant in general)
Hint: When you see sudden one way price moves like the ones on the tariff headlines expect USD offers above the market by those caught out at lower levels and hoping for a bounce.
DLRs dive is unlikely to go lot deeper.
Wed = fomc minutes; likely to have that “hawkish” tint.
then we get to trade NFP on friday. That one could be triki as labour dept just commented that those unemployed are finding it harder to find a job.
Donald is screwing w market changing universal to critical import tariffs
Yield spreads are likely to rule pricing direction, i.e. currently still favoring the DLR
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