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The stock market experienced a massive reversal after Nvidia (NVDA) announced another blowout earnings report.
Nvidia, the S&P and the Nasdaq all shot higher at first...but then gravity took over.
On Thursday, Nvidia opened up nearly +6% but then fell to close the day down more than -3%. The major indices closed in the red, as well.
Wall Street had pinned its hopes on Nvidia jump-starting the market back into rally mode. That clearly didn't happen.
Does this mark a turning point?
Where guidance, no matter how fantastic, can no longer muster the buying frenzy that we've seen for years now in AI stocks?
Or, is this just a temporary pullback?
Lance Roberts and I discuss the odds, as well as the latest jobs data, whether the Fed is likely to cut interest rates next month, and Lance's firm's latest trades.
Video Length: 01:53:59
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