What a China Chip Ban Could Mean for Nvidia, and Digging In on the Bank Stress Tests 6/28/23
CNBC's "Fast Money"
00:00
The Markets Are Not Reacting to Fed Reiterations
The market is kind of banking on sideways yields here and a Fed that's largely at peak. In 25 or even 50 basis points probably doesn't really affect. It's how much longer the Fed holds ground here. We're not surprised to hear central banks reiterating what they have to do right now because of course, CPI is still stuck at 5.3%. People are looking at those two things and saying, well, inflation's coming down. We have this increased productivity. That's going to be good things for the markets. And that's where Nvidia is.
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