Macro Versus Company Returns; What’s Driving The Chaotic Markets?

This is our regular weekly market update. The roller coaster ride continued again this week on the markets, as traders were dazzled by strong corporate results from NVIDA underscoring the power of the AI super cycle on one hand, and by really mixed data signals on the other thanks to a raft of better-than-expected purchasing managers’ index (PMI) data from across the northern hemisphere, while rates higher for longer came back into focus, with hope of rate cuts being squeezed further. The economic data points to a strong economy and inflation that won’t go away. Couple yesterday’s PMI data with […]