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Wall Street Breakfast

Fed and Nvidia vie for market dominance

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 17 March 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Nvidia's GTC is now the AI Woodstock. (0:52) The Fed's new dot-plot will be the big focus. (1:37) Reddit set to start trading. (2:24)

Show Notes
Financials ranked first again in BofA’s small-cap quantitative sector rankings, Utilities last.
Meta under federal probe over role in illegal drug sales: WSJ

Episode transcripts seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving

0:10.4

events, along with the weekend's top news and analysis.

0:14.0

Hello, today is Sunday March 17th and I'm your host Kim Kahn.

0:18.0

The top stories to look out for this week.

0:21.0

Rocky and Apollo, Napoleon in Wellington, Batman and the Joker.

0:25.1

You can take a side on which one of this powerful pair is going to jolt the market this

0:29.0

week, the Fed, or Invidia.

0:31.8

AI has best at interest rates on the stock market so far, pushing equities to record

0:35.9

highs despite a return on cash not seen in more than 15 years. This week we get Invidia's

0:41.4

GPU technology conference, known as GTC to most, and the AI Woodstock to Wall Street.

0:47.0

The Federal Open Market Committee will make its decision on Wednesday.

0:51.0

Towing chronologically, Wedbush says GTC Attendees will be looking Wednesday. liquid cooling and gaining traction has been a lack of standard implementation.

1:04.8

From a stock perspective, investing group leader Lively investment research says that

1:08.8

NVIDIA is currently trading exactly where it should be based on historical observations, and that momentum is expected to pick up gradually post-GTC and more prominently approaching the first quarter 25 period end and on the heels of said earnings release.

1:23.9

But if Invitea is Yule Brenner's Chris, leading the Magnificent 7 against impossible odds,

1:28.5

then the Fed is Eli Wallach's Calvera, the nemesis ready to shoot down high valuations with higher for longer raids on equity enthusiasm.

1:36.0

The Fed decision is a fait accompli with traders pricing in a near certainty of no move.

1:41.0

But attention has turned to the summary of economic projections,

1:44.3

also known as the dot plot, to see if the FOMC has been smoothed by the latest hot

1:48.7

inflation data. Carol Schleafif, Chief Investment of BMO Family Office, says,

1:54.0

the earliest possible cut could be June,

1:56.0

though we wouldn't be shocked to see that delay to later in the year

...

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