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Will Nvidia Break the Market?

It's Nvidia earnings reporting day, and as tech companies have driven markets of late, the results, and the company's forward guidance, could have a huge effect. Earnings expectations are extremely high; risk of disappointment is high. The S&P is testing a rising trendline at the 20-DMA, against a negative divergence in relative strength. The dichotomy is unsustainable. The Conference Board releases latest survey of leading economic indicators, down for a 23rd consecutive month (but no one is expecting Recession!) What is keeping us out of Recession is remaining liquidity from government cash injections. No Recession because of "strong consumer spending," but is it, really? Spending more at the store, but buying the same or less. WSJ survey shows grocery spending as % of income at a 30-year high. The economic surge of 2021-22 is reversing. New student loan forgiveness schemes = more liquidity to spend. Palo Alto Networks' performance: Know the percentages. An over-valuation correction is coming: why forward guidance matters.

2:58 - Nvidia Day & Risk Evaluation
14:15 - What's Keeping Us Out of Recession?
29:58 - Why Food Spending is at 30-year High
44:21 - Why an Over-valuation Correction is Coming

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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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