#992 - What’s Driving the Relentless Tech Rally? | with Sven Henrich

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 12 March 2024

⏱️ 43 minutes

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Summary

🔥 Get 14 days of RV Plus for just $1 https://rvtv.io/49LzC4t 🔥 SuperAI Singapore: Get 20% OFF tickets https://realvision.com/superai Sven Henrich, founder and lead market strategist of NorthmanTrader, joins Maggie Lake to discuss the market’s response to this morning’s CPI release, the strengths and weaknesses he’s spotting in this environment, and the forces driving the ongoing rally in risk assets. Join over 5,000 attendees for the largest AI event in Asia at SuperAI Singapore, June 5-6, 2024. Raoul Pal, Benedict Evans, Balaji Srinivasan, Edward Snowden, and over 150 others, will join the industry's most influential to explore and unveil the next wave of transformative AI technologies. Singapore will become a vibrant AI hub for a week from June 3-9, with over 150 side events for unparalleled networking opportunities. Visit www.realvision.com/superai for 20% off tickets with the code REALVISION Elevate your brand with Real Vision. Connect with us at partnerships@realvision.com to explore advertising possibilities. 🔥 Get FREE ACCESS to Real Vision https://rvtv.io/3MMeRfQ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hi, on the 5th and 6th of June 2024, I'll be speaking at the largest AI events in Asia,
0:06.7	Super AI in Singapore, and the iconic Marina Bay Sands. Alongside, alongside brilliant minds like Edward Snowden, Benedict Devon and
0:15.4	Balaji Shrinovasan, I'll be on a stage exploring the extraordinary potential of AI and
0:21.2	the profound change it represents not just for financial markets
0:24.7	but also for the world as we know it. With over 5,000 attendees and over 150 side
0:31.4	events Singapore will become a vibrant hub for a full week from the 3rd and 9th of June.
0:37.0	Visit super AI.com to register and join me with 20% off ticketstickets using the code Real Vision.
0:44.1	Use the link in the description,
0:46.1	and I'll see you there.
0:47.2	It's going to be incredible. What's driving the relentless tech rally? Hi everyone. Welcome to the Real Vision Daily Briefing with me today's Ben Heinrich, founder of Northman Trader.
1:05.2	Hi Sven.
1:06.2	Hi Maggie, how are you?
1:07.8	I'm doing well, thanks.
1:09.8	And it seems like so our tech stocks again, if look across the US market action today we had
1:15.3	the consumer price date out everyone was waiting for that big inflation read but it didn't seem to
1:19.4	make much of an impact instead we just had this relentless move,
1:22.8	NVIDIA dragging tech stocks higher again.
1:25.6	We had most of the major indices higher,
1:27.8	although the Russell was seemed like it was a laggard.
1:30.3	What do you make of this market action? Well, it's actually kind of the same trick pony we've seen all year.
1:37.0	The data points actually don't seem to really matter as bizarre as the sound. I had a tweet out earlier today just highlighting
1:46.8	that a lot of the correlations that we saw last year, for example, no longer seemed to matter.
	...

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