Stock markets await Nvidia amid risk-off signals
It is Nvidia’s earnings day and the markets await indications on the health of the technology sector. In the meantime, signs of risk off are increasing.
On the macroeconomic front, the day was light on news. Of note are German consumer confidence, South African inflation and the new US 30-year mortgage rates.
On the corporate front, as mentioned above, everyone is waiting for Nvidia and its quarterly report. A positive result would restore confidence in the industry as a whole and reassure investors about the prospects for AI.
Interesting movements on our intermarket dashboards. The T30/S&P500 and S&P/VIX ratios suggest investors are becoming more cautious on riskier assets. Gold’s rally is slowing, while bonds continue to rally as they break through medium-term dynamic resistance and look to extend their rally. The correlation between equities and bonds is falling below its one-year average and approaching zero.
Our forecast analysis also points to a complicated day for equities today, while positive signals continue to come from bonds. Negative signals remain for cryptocurrencies. Volatility is expected to increase slightly.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 26 February 2025 - 8:05 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
