Wall Street got off to a good start this week, with another shower of absolute records, and 2 session/close doubles + 1 record equaled.

The Nasdaq (+0.65% to 16,800) set an intraday/close record double.
The Dow Jones set an absolute intraday record at 40,077, but lost -0.49% at close to 39,807, in the wake of JP-Morgan (-4.5%) and Cisco (-2.2%).

The case of the S&P500 (+0.1%) is rather special, since the 2 records (absolute and close) were equaled at 5,325 and 5.308, with support from Moderna and semiconductors: Applied Materials and Marvel Techno +3.7%, KLA +3.4%, Lam Research +3.3%, Netflix +3.2%, Micron +3%, Nvidia +2.5%, NXP +2.2%, Qualcomm +2%.

Even if the Dow Jones pulls back because of JP-Morgan, Wall Street looks set for a 6th consecutive week of gains, provided that Nvidia's results - to be released on Wednesday evening - live up to investors' expectations, as they will help determine the technology sector's ability to continue pulling the markets upwards.
The wave of quarterly results is almost over, and while we wait for Nvidia, Palo Alto's results have come in, and they're disappointing: the stock is down -9% (after +1.9% during the session).

The other highlight of the week will be the minutes of the Federal Reserve's latest monetary policy meeting on Wednesday evening: every word and every comma will be weighed up on the subject of inflation.

In recent weeks, markets have only wanted to see the glass half-full, giving importance only to figures suggesting a slowdown in inflation (CPI), while ignoring the others (PPI and import prices, Sino-American tax war).

Traders only want to retain what points in the direction of further Fed rate cuts, overplaying the adage "Bad news is good news" when it comes to employment or leading indicators.

Bond markets start the week on a heavy note, with +2.5pts on T-Bonds to 4.4470%, and the 2-year rising by +21.6% to 4.852%.

Gold approaches record highs at $2,420, while the $ remains stable at 1.0870

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