It should be noted, $NVDA is the lynchpin to this market. Say for example they said really terrible things after the close, I have no doubt the market will tumble 3-5% tomorrow on that guidance. But I suspect $NVDA is going to shatter earnings estimates. How the stock responds to that is anyone’s guess.
We are trading on tilt here with high beta stocks stuffed into the meat grinder — off by another 3%. This can be the beginning of a rout or a buying opp. I suspect this will be resolved soon via some earnings announcements, namely $NVDA tonight.
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