Look brother, today’s headlines aren’t anything special, but one thing is certain — Nvidia’s result will come this week, and the whole market is waiting for it. One report says Nvidia’s earnings will be so strong that it will frustrate people, because expectations are so high that even beating them will feel difficult. And along with that, there’s also the Jackson Hole event, so rate-cut expectations will be tested too. On the other hand, Alibaba has done an AI share sale of $10.2 billion, also at a sharp discount. That’s why its shares are sliding today. It seems like they’re raising cash aggressively. The market is currently in the mid-rotation phase — meaning money is moving out of tech to somewhere else. Nvidia and that Jackson Hole speech will decide what move to make next. One note says trades are ready for both rate angst and a Nvidia-inspired bounce. My simple take — don’t get overly aggressive right now. Wait for Nvidia’s numbers to come in, then think about an entry. Do you think Nvidia will show the magic again this time, or will the expectations be the thing that gets everything over with?

⚠️ Personal analysis, not financial advice.

#Trading #Binance #FederalReserve #BigTech #AI

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Disclaimer: My personal analysis, not financial advice. DYOR.