Chip Rally vs Debt Worries

NAB Morning Call · May 25, 2023 · 17m

Friday 26th May 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere is still no resolution on the US debt ceiling. NAB’s Gavin Friend talks about where markets go from here. Right now, it doesn’t seem to be worrying US equity markets, which have jumped on the forecasts from NVIDIA of am AI-led recovery in chip demands, pushing the company close to a one-billion-dollar valuation. Economc data overnight has shown an upside in the US, but a deterioration in Europe, with Germany having been in a recession for the last two quarters. Still, central…