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On the SPOT™ blog (08/23/2023) [P..]

This morning (PST) all three major US indices are in the green perhaps again affected by tech rally in a run up to NVDA's results due after market closes today and the economic news from Commerce Department that showed new home sales rose in July compared to last year and previous month and the number was above estimates. This appears to be good news given the high mortgage rates. With fewer existing homes on sale, this makes some sense. Things are getting interesting for the economy and inflation. It will be interesting to see what Federal Reserve Chairman says on Friday. In the mean time, all focus is on NVDA's results that we should discuss tomorrow.

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