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Markets Chop as Earnings Reset Momentum Ahead of NVDA
Description
Christopher Vermeulen breaks down a volatile earnings-driven market marked by sharp divergences within the Magnificent Seven, as Meta Platforms (META) slides and Alphabet (GOOGL) rises. He says the current sideways action is a healthy reset for momentum ahead of results from Nvidia (NVDA). Vermeulen also highlights bullish technical setups in the Global X Lithium & Battery Tech ETF (LIT) and the iShares U.S. Real Estate ETF (IYR), noting continued risk appetite despite rotation away from defensive sectors.
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