NVDA's massive beat and strong guidance were supposed to lift up the market and kick off a rally. It did .... then fizzled. Investores are worried about Powell's speech on Friday. The last time he spoke at Jackson Hole it was a disaster for the market, as he vowed to aggressively raise rates and keep them high until inflation died. Markets are having a flashback, and sold off in preparation of anohter massive nosedive in the markets.
Jerome Powell's speech not only killed last year's rally, it caused the market to tank to new lows, after a steady decline over a period of months. Stocks are up again, but may be poised to go down another 20% if he continues his hawkish tone.
Jerome Powell's speech not only killed last year's rally, it caused the market to tank to new lows, after a steady decline over a period of months. Stocks are up again, but may be poised to go down another 20% if he continues his hawkish tone.
