ACTV - Nvidia Is Hiding The Cracks Beneath The Stock Market Surface
2024-06-16 06:15:00 ET
Summary
- Indexes with Nvidia are making new highs, while those without are struggling since March peak.
- Market breadth is weakening, with fewer stocks making new highs and more making new lows.
- Nvidia's overwhelming influence on the market is masking underlying weakness, potentially leading to a costly mistake.
It has become a tale of two markets: those indexes with Nvidia and those where NVIDIA (NVDA) is neutralized or absent. The indexes that either have Nvidia as equal weight or are absent altogether have struggled since peaking in March, while market cap-weighted indexes with Nvidia have made new highs....
Nvidia Is Hiding The Cracks Beneath The Stock Market Surface