On Hold.
Last week was all about Wednesday’s after-hours Nvidia (NVDA) earnings report. Since the stock accounts for more than 6% of the S&P 500's total market capitalization in terms of its index weight and its unique position as a proxy for the entire market-impacting narrative of AI, it has the capability to be a meaningful influence on the direction, trend and momentum of the entire stock market.
Which also means that even highly diversified index fund holdings in the form of mutual funds and ETFs in the 401(k)s, IRAs and brokerage accounts of regular people are going to be affected somewhat by…
The skinny
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