Technical Review

Nvidia vs. the FOMC Minutes

On February 21 Nvidia reported earnings and the minutes from the FOMC meeting on January 31 were published. With all the hype surrounding Nvidia’s earnings report the FOMC minutes were ignored. Nvidia’s earnings and subsequent rally (+16.4% on February 22) and impact on the S&P 500 are the focal point in the short term, and has only magnified the Mania around Artificial Intelligence. Artificial Intelligence has the potential to change how businesses improve productivity but it will take longer than the next 12 months (he said sarcastically) and along the way millions of jobs will be...

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jimwelshmacro [at] gmail [dot] com ()