Goldman says $800 for Nvidia. Who bids more? | MarketTalk: What’s up today? | Swissquote

Show notes

The selloff in US bonds extended to a second day on the back of crowded hawkish comments from Federal Reserve (Fed) members and on the surprising strength for the US economy. The US dollar extended its rally above the 100-DMA and equities retreated, except for Nvidia – Nvidia shares gained almost 5% to a fresh high after Goldman Sachs upped its PT to $800 per share. Tesla extended losses.
Zooming out, the OECD also warned central bankers that it’s certainly too early to declare victory on inflation because growth remains resilient, revised its US forecast higher and Euro area forecast lower. That divergence should translate into a softer euro against the dollar.
Elsewhere, Chinese stock markets are in a better shape this morning as authorities came up with fresh measures to stop bleeding in Chinese stock markets. But all these measures are essentially attempting to turn the mill with carried water – they have been inefficient to trigger a sustained recovery and they will hardly bring investors back on board.
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