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RiskReversal Pod

Nvidia Trades Lower + Nasdaq Futures Play | MRKT Call

RiskReversal Pod

RiskReversal Media

News, Investing, Business, Business News

4.6757 Ratings

🗓️ 17 October 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Tuesday, October 17th. CME Group's Futures Challenge: https://www.cmegroup.com/futures_challenge/challenges/892/landing.html MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube

Transcript

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0:00.0

October 17th, 1 p.m. Eastern time, Guy Adami, Dan Nathan, Market Call. Let's get right to the rundown, Dan, get right into it because

0:21.8

Nvidia is absolutely fascinating today. Cascaded lower has bounced still down on the day.

0:28.6

We'll look at a NASDAQ trade ahead of earnings. And of course, yields, yields,

0:32.6

yields continue to move higher despite all the geopolitical stuff where you would thought you'd see a flight

0:37.9

to quality meeting yields go down that's not happening how are you i'm doing okay you are powered by

0:43.6

today guy adami and then you and i before we just went on here you were saying this market makes

0:48.2

absolutely no sense this morning you know what you had that headline about okay this this had kind

0:54.0

of been little trial balloons floated here you know invidia you know what? You had that headline about, okay, this, this had kind of been little

0:55.0

trial balloons floated here. You know, InVIDIA, you know, these advanced graphics chips,

0:59.7

they're being banned for sale to China. We know that there had been lots of workarounds,

1:05.1

lots of sales in the gray markets, a lot of double tripling ordering by a whole host of folks

1:09.9

there. They were finding their way to China.

1:13.1

There was also some tweaks to those chips, right, that kind of fell within, I guess you

1:17.5

would call it, I don't know, semantics or whatever guy, right?

1:20.4

Like a little, you know, they were getting sold into there.

1:23.1

So the Biden administration, they tighten it up a little bit here.

1:26.0

The headline comes out.

1:27.6

Stock opened down 5%. And you and I were talking this morning on the phone, and it dropped like

1:32.6

$10 like that, another 2% like in a straight line. I was kind of, look at that beautiful little

1:37.3

facts that chart there. What did that look like, guy, up there a little bit of a lot of.

1:41.3

Well, it looks like a lot of things, but I'll keep it clean and say that looks like a bit of a head and

1:44.8

shoulders formation and a lot of people are pointing that out today i've read some emails indicating

...

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