
CRITICAL POWELL SPEECH AHEAD, NVIDIA H20 HITS A WALL, MIT THROWS COLD WATER ON AI STOCK BULLS
By Nigam Arora To gain an edge, this is what you need to know today. Critical Powell Speech Ahead Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows when the rotation started in SPY from tech stocks to other groups such as healthcare, small caps, and interest rate sensitive stocks in advance of Fed Chair Powell’s Jackson Hole speech. Since tech stocks carry such a heavy weight in the S&P 500, the chart shows that although rotation stopped the stock market from going