With Fed QT (Quantitative Tightening) running at a pace of $95 billion a month and the Treasury forecasting its cash balance to rise by $200 billion into year end, that amounts to a squeezing of liquidity that alone implies an 8% drop for the S&P 500 by the end of December, according to their model.
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Chip Stocks Rally Ahead of Nvidia Earnings as AI Trade Regains Momentum
Semiconductor stocks extended their rebound on Wednesday as investors piled back into AI and data center plays ahead of Nvidia’s highly anticipated quarterly earnings report.
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