Falcon’s View – Week 18 –24 Aug
Performance
• S&P 500: +0,34%
• Nasdaq 100: -0,82%
• My portfolio: -0,18% (currency adjusted)
Market pulse
The market drifted lower on fears that sticky inflation would keep the Fed from cutting in September. Powell’s Jackson Hole speech leaned dovish, reassured the market that cuts remain on track, and sparked a Friday rebound—the S&P 500 finished positive, while the Nasdaq 100 didn’t fully recover and ended -0,82%.
Crowd vs. price
The “rotation out of tech” is showing up more in price than in positioning. More investors were buyers of tech, than sellers.
Holdings & Watchlist Notes
NVIDIA (NVDA) -1,55% this week
Earnings next week will probably be a big deal for both NVDA and the broader tech sector. I’m watching whether demand for AI chips is still strong and what they say about the rest of the year. Crowd interest is Rising, though momentum has cooled.