🔥 In Case You Missed It… Here's the latest update by Atlanta Fed GDPNow forecast?
👉 US Q3 real GDP: +4.2% Yes, you read that right. The US economy isn’t just growing — it’s running HOT. 🚀 And Here’s the Wild Part… Policy is about to get even more supportive: ✔ QT likely ending ✔ Rate cuts expected next year (or maybe in December but that looks less and less likely...) ✔ Fiscal stimulus coming (think: checks, tax cuts, more spending) ✔ Looser financial regulation to expand bank lending This is the opposite of tightening. This is fuel on an already burning fire.
➡️ Over the past eleven releases since ChatGPT launched, NVDA’s massive 10x rally hasn’t come from earnings-day pops:
Day-after and week-after moves have typically lagged, while the month before earnings has usually been the strong stretch. ➡️This quarter breaks that pattern, NVDA is flat heading into results, with recent earnings cycles showing weaker immediate reactions and stronger rallies later in the quarter. Source: The Market Ear, DB
$NVDA NVIDIA Data Center literally off the charts.
Source: App Economy Insights
Is this really sustainable? We will find out more later today
Source: Markets & Mayhem @Mayhem4Markets
Nvidia $NVDA in danger of closing below its 100-day moving average for the first time since May
Source: Barchart
Reserves are in deep "scarce" territory with reverses zero.
But reserves would go back to "ample" once $300BN in Treasury cash is drained in a few days. Source: zerohedge
Late November is historically a strong time of the year. Is this year going to be different?
Source: Ryan Detrick, CMT @RyanDetrick
IG tech spreads are wider than the broad index for the first time since 2012...
Source: zerohedge
