Reported 5 months ago
Charles Schwab Head Trading and Derivatives Strategist Joe Mazzola discusses how recent volatility, signals of higher interest rates, hot inflation prints, and Nvidia's earnings release have shifted investor sentiment on markets, making traders less bullish in Q2. Mazzola notes that tech and industrials were the only sectors that had a good week, with concerns rising about inflation outlooks and market valuations. As traders approach the summer months, uncertainty remains regarding market movements and potential catalysts, such as upcoming earnings reports and consumer spending data. Despite traders feeling that the AI trade is crowded, they still show interest in it, highlighting the ongoing complexity and unpredictability in the current market environment.
Source: YAHOO