Futures rally on Nvidia despite Fed minutes and debt ceiling worries

PLUS: Shah Gilani on his next big investment [Image]( Thursday, May 25, 2023 [$1Billion Buyout Would Unleash a 10X Moonshot for Ground Floor Investors]( This company and its founders are in talks with some of the world’s biggest organizations about a series of potential contracts. A single contract from any one of these mega-cap giants could send this company’s mere $100 million valuation soaring, transforming it into a billion-dollar unicorn overnight. [Check out the full exposé here.]( Dow Jones | 32,799 | -0.77% S&P 500 | 4,115 | -0.73% Nasdaq | 12,484 | -0.61%   Money Morning LIVE   It's Wednesday, and Shah Gilani is here with his take on the Fed minutes from yesterday and the dangers of trading the headlines. Chris Johnson is also joining in with a special spotlight on retail earnings and why he can't stay away from this sector. At 9:30 Shah Gilani will be back on with a market check, what volume is telling us and his next big investment. [Join us live right here starting at 8:30...](   MARKET MINUTE   Futures Rally on Nvidia Despite Fed Minutes and Debt Ceiling Worries Good morning everyone. Garrett {NAME}, Executive Publisher at Money Morning here. U.S. stocks fell for the second day in a row as negotiations over raising the debt ceiling continue to weigh on sentiment. The Dow Jones fell over 200 points along with the S&P 500 and Nasdaq following suit. We could see a nice rally off the back of strong earnings from Nvidia if any positive news comes out of debt-ceiling talks between Biden and McCarthy. Nvidia Beats Earnings AI stocks have been supporting the Nasdaq all year and that doesn’t look to stop as Nvidia Corp. (NVDA) beats on revenue and EPS along with issuing guidance for next quarter of $11 billion in revenue, well above the $7.18 billion analysts were expecting. This puts Nvidia on track to be the next trillion-dollar company with its stock up roughly 25% after hours. Futures rallied on this news and other semiconductor stocks like Marvell Technology Inc. (MRVL) and Advanced Micro Devices Inc. (AMD) traded higher on the back of Nvidia’s results. Key Economic Data Investors will be watching for key economic data on Thursday. The Labor Department will release the weekly jobless claims report, and the Commerce Department will release GDP growth numbers for the first quarter. Yesterday we saw the Minutes from the last Federal Open Market Committee meeting were released... and that unfortunately didn’t provide the much-needed guidance the market needed. Fed officials were divided on where to go with interest rates. Some members saw the need for more increases, while others expected a slowdown in growth to remove the need to tighten further. In other news, Fitch Rates has had enough of the grandstanding going on around the debt-limit negotiations and said it may downgrade US credit rating to reflect the worsening political standoff that’s preventing a deal to solve the nation’s debt ceiling crisis.     Top Profit Opportunities   [Image]( [The Consumer’s Slowing... But That’s an Opportunity for Us]( — By Chris Johnson, Trends Trader We’re in the heat of earnings season for retail, and we’re getting a feel for how well the consumer is weathering through the recent slowdown in the credit cycle. That’s right, the credit cycle, or what we will refer to as liquidity. It affects us all, not just those multibillion-dollar corporations trying to finance equipment or buildings. It trickles all the way down to that piece of plastic in your wallet or purse – the credit card. We’ve heard from a few retailers that consumers like you and I have pulled back on the purse strings. Inflation and higher interest rates are slowing the consumer’s spending, and that accounts for more than 70% of the economic activity. [So, like me, there are a few things you should be watching. ..](   [The Debt Ceiling Crisis Just Spiked to 11]( — By Garrett {NAME}, Executive Publisher Just a few days ago, the S&P 500 Volatility Index (VIX) plunged to 16. Now, VIX is up to the highest level in three weeks – as concerns now emerge that a deal won’t get done before June 1. Markets are starting to tremble. S&P 500 momentum is red – and momentum for the Russell 2000 is now starting to crater. This decline in the small-cap index comes just a day after JPMorgan Chase & Co (JPM) advised market participants to short small-cap stocks. How interesting that it was just a week ago that JPMorgan’s leadership was calling for short-sellers of banking stocks to be prosecuted. Good times. It should be illegal to short banks… but not illegal to short small-caps, the engine of economic growth in this nation. What does that tell you about our system? Now, Republicans are demanding that GOP leadership force the Senate to vote on a bill that they previously passed that called for a reduction in roughly $5 trillion. But the Senate is stalling this… and there is still an effort to either have President Biden do it unilaterally… or to force a vote on the Stop the Gridlock Act, which was a poison pill. [So, what are we doing now?](     Check out our latest clips on YouTube!   [[ratio]  ]( [[ratio]  ]( [[ratio]  ]( [[ratio]  ](   Get More Money Morning Our experts offer special actionable investing and trading research to their subscribers every week [Subscribe Now]( [Image]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning. To remove your email from this list: [unsubscribe here](. 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