US leading index S&P 500 on course for a record: Nvidia is driving the market up

US leading index S&P 500 on course for a record: Nvidia is driving the market up

According to a report by finanzmarktwelt.de, the US leading index S&P 500 has reached a historic mark that was last seen in 1972. In the last 15 trading weeks, 14 were positive, indicating a strong upward movement. The big US tech stocks in particular, especially Nvidia, are driving the index up. This suggests that AI euphoria is reaching the next level.

Current revisions to 2023 US inflation data show a mixed result, with December revised downwards and October and November revised upwards. This could have implications for future monetary policy.

The announcement that Nvidia has gained as much as Tesla is currently worth in the last 2 months highlights the company's strong performance and shows the huge growth potential of the AI ​​sector. At the same time, the ECB is warning banks about possible capital losses in the real estate sector, indicating potential risks for the financial industry.

Based on this information, it is likely that investment in AI technology and tech stocks will continue to increase as the euphoria in this sector continues. At the same time, the inflation data and the ECB's warnings could have an impact on the financial sector and monetary policy. It remains to be seen whether Nvidia can meet the high expectations with its upcoming numbers, which could have further impact on the market.