Why the 'record high' on Dow Jones underwhelms...

27 thg 8

Another day, another record high for a US stock market. Only the one seen on the Dow Jones underwhelms given it is not backed up by its own futures market, let alone its peers. We're also approaching end-of-month flows (which can prompt fickle price action). And keep an eye on the Nvidia earnings report on Wednesday (US) which can single-handedly drive sentiment on Wall Street.

29 thg 8

Ghi chú

We saw the pullback ahead of Nvidia earnings, which shows that our suspicions of the earl-week (and marginal) record highs were right. Focus now shifts to GDP and US PCE data ahead of the weekend.