Market Report May 26 2023
A bullish day for S&P 500 and Nasdaq but I think the significant uptrend of NVDA has positively impacted these indices, simultaneously triggering increased investment in other semiconductor stocks that have also started to do well.
The decision by Fitch Ratings to place the U.S. AAA credit rating on Negative Watch has intensified concerns surrounding the debt ceiling and putting pressure on an otherwise upward-moving market.
Germany reported its second consecutive quarterly contraction in GDP, and apprehensions regarding global economic growth have been further fueled.
Treasury yields have seen a marked rise following the release of Thursday's economic data.
However, VIX was lower and back down to near 19.
Let's go trade!
