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Why Nvidia earnings couldn't sustain market rally: Strategist

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Nvidia News

Keith Lerner,Market Behavior,Market Reaction

Markets are slightly rallying (^DJI, ^IXIC, ^GSPC) as they recover from recent losses, defying the expectations of investors who hoped that Nvidia's (NVDA...

markets. To shed light on this dynamic, Truist Co-Chief Investment Officer and Chief Market Strategist Keith Lerner joins the Morning Brief to discuss the underlying factors behind current market behavior.

Um So, you know, our view is this, first of all, we, we, we did upgrade um equities in late April um when we were down about 5% because we thought the risk reward had improved. One of the most steady things in our work has been forward, earning estimates have been moving higher. So it's, I mean, even just kind of going through just back and forth, um, is, is actually, I think fine, I think the catalyst for the market um is, is probably to start seeing more disinflationary pressures, which as as Sharon just mentioned, we got almost the, the opposite of that yesterday.

 

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