Beat the street: Triple witching amid equities melt-up; NVIDIA; Crypto
Traders keep a close eye on the impact of the so-called witching hour as major US equity markets remain near highs. NVIDIA: cash in or buy more? Plus, crypto stocks in focus as Bitcoin hits more than 5-week low.
(AI Video Summary)
NVIDIA - cash in or buy more?
Today's edition of "Beat the street" highlights a vibrant stock market, predominantly fueled by NVIDIA's significant influence, particularly evident in the prelude to the triple witching hour—a period marked by potential heightened volatility due to the simultaneous expiration of different options and futures contracts.
Amidst this scenario, investors grapple with decisions on profit-taking or further investment amidst signs of ongoing bullish trends since October, supported by advancements in AI technology across various sectors.
Geopolitics
Additionally, geopolitical risks and inflation remain top concerns that could potentially destabilise the market. The discussion also touches on active trading in other sectors, like forex and base metals, reflecting broader economic indicators.
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