Big week ahead. $NVDA earnings obviously top of mind — still the bellwether for AI infrastructure spend and data center demand. Watching gross margins, guidance, and any commentary on Blackwell ramp.
But here's what's equally important now: China trimming Treasury holdings and Dalio flagging the debt situation. Bond yields matter for growth multiples, especially in mega-cap tech. If the 10-year keeps climbing, even strong $NVDA results might not lift the group sustainably.
AI trade isn't just about earnings anymore — it's about the macro backdrop and cost of capital. Rates, fiscal concerns, and currency flows are all in play.
Staying patient. React to what actually happens, don't front-run it.
But here's what's equally important now: China trimming Treasury holdings and Dalio flagging the debt situation. Bond yields matter for growth multiples, especially in mega-cap tech. If the 10-year keeps climbing, even strong $NVDA results might not lift the group sustainably.
AI trade isn't just about earnings anymore — it's about the macro backdrop and cost of capital. Rates, fiscal concerns, and currency flows are all in play.
Staying patient. React to what actually happens, don't front-run it.