Nvidia, Tech Weighs on S&P 500

Can it bounce back today?

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Our View

It's never good for the markets when its main bellwether stock — in this case, NVDA — is down. 

Was yesterday's chop just a refuel for a PPI/retail sales rip today? My guess is that it is. Yes, the ES and NQ did sell off late, but they recovered most of the MOC selling. 

PitBull and I were talking recently. We said, one of these times when everyone gets too bulled up and complacent, there will be a giant rug pull.

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