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Preparing video
Chris Weston from Pepperstone shares his insights on the current market trends. He notes a slight uplift in Nasdaq and S&P futures, yet remains cautious, suggesting markets appear weak, especially after last Friday's selling of high-momentum names. He attributes this to factors like options expiry affecting market moods.
Chris discusses the impact of Nvidia's (NASDAQ:NVDA) upcoming earnings, considering it a significant market mover. With expectations on Nvidia's (NASDAQ:NVDA) performance and margins, he highlights how global money is shifting towards Chinese stocks like Tencent (HKG: 0700) and Alibaba (NYSE:BABA).
On a macro level, Chris identifies Nvidia (NASDAQ:NVDA) and core PCE numbers in the US as potential drivers. He states that the market reaction has changed, with growth data now impacting stock sensitivity more than before. Traders are watchful for any significant data shifts that might influence market trends
