Broadening of rally to non tech sectors is critical for US equities to keep performing.
New York Fed President Williams speech last Friday has enabled S&P to make a smart recovery this week.
Can S&P still do a 7000 by year end? Yes if this week we see a healthy consolidation and some uptick in equities without any further falls.
US retail investors is a common investor class in cryptos and US equities. Pain in cryptos is now leading to sharp sell offs in US equities.
Nvidia delievered an all round earnings beat today and is set to prevent AI theme from faltering any further in next few weeks.
NVIDIA will report F3Q26 results after the market close on Wednesday, November 19th. A conference call to discuss results is scheduled at 5:00pm ET.