GREY BRIEFING #05: Nvidia setback, PCE data & interest rate speculation

Welcome back, dear readers, to the fifth GREY BRIEFING! Last week was another exciting one. On the one hand, Nvidia made headlines with its quarterly figures, while on the other, the latest PCE data showed what was in focus on the MACRO front. However, hopes for rapid and aggressive interest rate cuts remain, as these were relatively in line with expectations. The indices continued to struggle higher during the summer weeks, with weak momentum mostly being sold off again intraday. Nevertheless, we see that the indices continue to trade close to their all-time highs. Will the situation change, and if so, when? We...