It shows that even with the dip buying late on Friday and the more optimistic mood earlier today, things are still very much on edge. S&P 500 futures have now pared gains of around 0.6% earlier to be up just 0.1% now as tech shares ease. Of note, Nvidia is down 0.5% in pre-market with the latest headlines crossing reporting that Peter Thiel’s hedge fund, Thiel Macro, has sold off its entire Nvidia stake during Q3. This adds to the SoftBank position as reported before here.
Nasdaq futures are up only 0.3% now while Dow futures are down 0.1% on the day. And in Europe, we are seeing major indices retreat with the DAX down 0.6% and CAC 40 down 0.5% currently. Trouble, trouble?
This article was written by Justin Low at investinglive.com.