Reported 26 days ago
In a recent discussion, Interactive Brokers' chief strategist Steve Sosnick argued that Nvidia CEO Jensen Huang currently plays a more significant role in shaping market responses than Federal Reserve Chair Jerome Powell. He highlighted the market's resilience despite rising inflation signals, largely driven by strong earnings and heightened demand for AI chips. Sosnick emphasized a sentiment where dips are viewed as buying opportunities and rallies ignite momentum trading, warning that this trend is sustainable only until it isn't, leaving investors vulnerable to sudden shifts.
Source: YAHOO