Highlights
On a relatively quiet day for scheduled macro news events, lots of interest in earnings from technology bellwether Nvidia due after the New York close. This takes on heightened significance given the market obsession with the AI trade. Nvidia is one of very few megacaps still showing gains this year amid concern that the AI trade has been overdone. Financial markets have been in risk-off mode as investors watch for President Trump to unleash war on Iran, and after Trump reopened the trade turmoil with his latest tariff threats.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.