Stocks mixed on debt ceiling deal but NVDA helps NDX outperform - Newsquawk US Market Wrap
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
NVDA Adds Record Market Cap; Everything Else Dumps As Debt-Ceiling Idiocy Continues Nvidia... that is all. Yes there was macro data: GDP second look improved,…
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The bullish momentum of the shiny metal, gold (XAU/USD) seems to have dissipated in the recent weeks after it printed a fresh 52-week high of US$2,067 on 4 May 2023 and thereafter staged a decline of -5.6% to hit a low of US$1,952 on last Thursday, 18 May. Click here to read Part 1 of the previous analysis.
In the longer-term, global stagflation risk and technical analysis factors may still support a bullish case scenario for gold.