Joel Elconin – A Shift Has Happened For Markets; Earnings Beats Being Sold, Weaker Economic Data and Nvidia Earnings Reaction
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap a volitle week for markets. Starting with Nvidia earnings, which were very strong, and the market reaction initially positive but down today. It ties into the broader market reaction to earnings season this quarter of selling earnings beats. We also discuss Powell’s Jackson Hole speech, telling us nothing new but confirming the Fed could go either way at upcoming meetings.