In a recent episode of Market Domination Overtime, Invesco Global Market Strategist Brian Levitt discussed the recent fall of Nvidia (NVDA) from its record highs and how the market can continue to rally. Levitt pointed out that when Nvidia was leading the market, many were hoping for a broader market rally, and now that it is happening, it is actually a healthier environment for investors.
Levitt mentioned that if the Federal Reserve can normalize the yield curve without causing a recession, it would create a positive backdrop for risk assets. He expressed confidence that a recession is not on the horizon, as key indicators such as corporate bond spreads and lending standards do not suggest an imminent economic downturn. Instead, there are signs of a slowdown in the real economic data.
Levitt also addressed concerns about market volatility surrounding the upcoming election, stating that he expects markets to continue on their current trajectory. Overall, he believes that a broadening out of market leadership and a healthy economic backdrop are positive signs for investors.
For more expert insights and the latest market actions, viewers can watch the full episode of Market Domination Overtime for more information.