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➡️ 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
Late November is historically a strong time of the year. Is this year going to be different?
Source: Ryan Detrick, CMT @RyanDetrick
⚠️Retail investors are ALL-IN on US equities:
Individual investors' equity allocation hit 70.5%, near the highest since the 2000 Dot-Com Bubble burst. This is also in line with the 2021 meme stock frenzy peak. Their cash allocation remains historically low at 14.7%. Source: Global Markets Investors
Zombie Companies (businesses unable to cover their debt payments) have reached the highest level in almost 4 years 🚨🚨🚨
Source: Bloomberg
Credit spreads of the hyperscalers (red line - inverted) continue to widen out...and start to put donward pressure on AI equity basket (green line)
Source: Zerohedge
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