Nvidia's earnings beat was overshadowed by a large bearish reversal candle, suggesting a potential test of support and that the stock may be overvalued.
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Weekly Update with Larry Berman – August 29, 2026
Aug 29, 2026
Larry Berman discusses the market's reaction to Jerome Powell's comments from Jackson Hole, noting initial hawkish interpretations that led to falling yields, followed by a reversal. He expresses skepticism about further rate hikes, believing they won't fix inflation driven by AI capex spending. Berman highlights Nvidia's earnings beat but points to a significant bearish reversal candle on the chart, suggesting the stock may test support and that the market may be pricing in too much good news.
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