Nvidia Weakness And Dispersion Unwind Signal Potential S&P 500 Pullback
Nvidia weakness and a shifting dispersion trade signal a potential 5% to 10% pullback for the S&P 500. With volatility rising and correlations tightening, a break below $170 for NVDA could spark a broader market decline.
Pound Sterling Declines Below 1.3500 On UK Political Uncertainty, US PPI Data Eyed
The Pound fell below 1.3500 as political uncertainty surrounding UK by-elections weighed on sentiment. Investors await US PPI data for Fed rate clues, while trade tariff tensions provide support for the Greenback.