Strong Housing Market, AI Rally and Sticky Inflation
May 31, 2023 at 08:45 AM EDT
Stocks lost steam on Tuesday after a rally driven by the artificial-intelligence hype drove the market to its highest since August 2022.During the day Nvidia (NVDA) briefly joined the trillion-dollar club, only to fall back to its lows of the day.Hard to say if the AI driven rally is over, but buying Nvidia at $400, might be a tough pill to swallow for many, including Chris Johnson as he shared yesterday. Read more... Tags: Market Minute The post Strong Housing Market, AI Rally and Sticky Inflation appeared first on Money Morning - We Make Investing Profitable .
