Investors were forced to navigate a multitude of data points today - remarkable, given one stock was expected to carry all of equities. NVIDIA (NVDA +9%) spiked after reporting another blowout set of numbers and most of tech reacted in kind. But even before the white-hot PMI’s later in the morning, there was underperformance in non-tech names. And when PMIs rose to 54.4 (51.2 expected), a 25-month high (!), it fuelled a spike in yields and underscored some of the worries set in motion by yester…
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