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Now the Bumpy day of trading on the U S Stock Market. Andrew Courtain is without Milford Asset Management. He's with me tonight, GYDA Andrew even me right, So the the selloff continues last night, Any new.

Now the Bumpy day of trading on the U S Stock Market. Andrew Courtain is without Milford Asset Management. He's with me tonight, GYDA Andrew even me right, So the the selloff continues last night, Any new.

Developments, Yeah, there's an another volatile night. Last night. We had there SMB five hundred down around about one percent. It was a little bit disappointing because we had seen it rally a couple of days before and it was up about three percent. So we're back to down days again, unfortunately. So that takes the US markets down about eight percent since the highs we saw in February. There's no real news that triggered it last night. It's just we're now just in this period where volatility is quite high, so it's becoming quite normal to see days with a market up up or down one to two percent. We saw technology stocks and stocks that are particularly sensitive to the US economic growth outlook with the stocks sold off again last night, and the other ones that have sort of led the sell off over the last month or so, and all This has really been driven by a sort of growing view that the US might be seen some economics slow down. Part of that's to do with the uncertainty around tariffs, some of it's part of it's abound other Trump policies such as immigration.

Developments, Yeah, there's an another volatile night. Last night. We had there SMB five hundred down around about one percent. It was a little bit disappointing because we had seen it rally a couple of days before and it was up about three percent. So we're back to down days again, unfortunately. So that takes the US markets down about eight percent since the highs we saw in February. There's no real news that triggered it last night. It's just we're now just in this period where volatility is quite high, so it's becoming quite normal to see days with a market up up or down one to two percent. We saw technology stocks and stocks that are particularly sensitive to the US economic growth outlook with the stocks sold off again last night, and the other ones that have sort of led the sell off over the last month or so, and all This has really been driven by a sort of growing view that the US might be seen some economics slow down. Part of that's to do with the uncertainty around tariffs, some of it's part of it's abound other Trump policies such as immigration.

None of this was to do with the Middle East and the resumption of fighting there.

None of this was to do with the Middle East and the resumption of fighting there.

No, I don't think so. So the market's become quite used to them to unfortunately, seeing what's going on in the Middle East, So no, I don't. I don't think it was that. I mean, there probably was a bit more focus on actually the Trump and and putin discussion and seeing if there's going to be a ceasefire in that market, and unfortunately there wasn't a cease fire agreed to. But the market's looking that as a catalyst to potentially push European equities a higher game, which which had our performance yere they're up around about twelve percent, So while the US market's been down five you've seeing quite a strong European market.

No, I don't think so. So the market's become quite used to them to unfortunately, seeing what's going on in the Middle East, So no, I don't. I don't think it was that. I mean, there probably was a bit more focus on actually the Trump and and putin discussion and seeing if there's going to be a ceasefire in that market, and unfortunately there wasn't a cease fire agreed to. But the market's looking that as a catalyst to potentially push European equities a higher game, which which had our performance yere they're up around about twelve percent, So while the US market's been down five you've seeing quite a strong European market.

Yeah, really strong. Do you think that there's room for that to go much higher?

Yeah, really strong. Do you think that there's room for that to go much higher?

Yeah? I think there is. Markets sort of needs often want to see catalysts. Once you've seen a fairly big booze. So because they are already up twelve percent, it's now really about do we get more news that can keep pushing the sort of trade into Europe. One thing to look out for is there's this infrastructure and defense spending bill that's been pushed through by Germany at the moment, and there was actually some news on that last night where sort of the first round of local lawmakers had to vote to approve this, which they did. There's still another round to go, but this is positive, so that's head in the right direction. And yet and also markets obviously closely watching Ukraine developments. If we do CSS fire and ultimately need into the war there, then I think that's another large catalyst to keep pushing markets higher.

Yeah? I think there is. Markets sort of needs often want to see catalysts. Once you've seen a fairly big booze. So because they are already up twelve percent, it's now really about do we get more news that can keep pushing the sort of trade into Europe. One thing to look out for is there's this infrastructure and defense spending bill that's been pushed through by Germany at the moment, and there was actually some news on that last night where sort of the first round of local lawmakers had to vote to approve this, which they did. There's still another round to go, but this is positive, so that's head in the right direction. And yet and also markets obviously closely watching Ukraine developments. If we do CSS fire and ultimately need into the war there, then I think that's another large catalyst to keep pushing markets higher.

Yeah, thank goodness for Germany and some stimulus. Same goes for China. Right now, let's talk about in Nvidia, world's second largest company, have their annual technology conference today. Anything made you come out of that?

Yeah, thank goodness for Germany and some stimulus. Same goes for China. Right now, let's talk about in Nvidia, world's second largest company, have their annual technology conference today. Anything made you come out of that?

Really, most of the news was sort of in line with expectations. The CEO did about a two and a half hour long presentation in terms of technology developments is wrong about what people expected, and because there was nothing really exciting that the shar has traded down a few percent, but the key message really was that al models cane to get more complex and the Video is the company that is really pushing the frontiers on how to power these models and make them more efficient. And as these models get more complex, they need these kind of super powerful chips that the Video is developing. And Jensen, the CEO of ASY, spent most of the presentation talking about how the videos sort the latest technology is going to be at the forefront of this development.

Really, most of the news was sort of in line with expectations. The CEO did about a two and a half hour long presentation in terms of technology developments is wrong about what people expected, and because there was nothing really exciting that the shar has traded down a few percent, but the key message really was that al models cane to get more complex and the Video is the company that is really pushing the frontiers on how to power these models and make them more efficient. And as these models get more complex, they need these kind of super powerful chips that the Video is developing. And Jensen, the CEO of ASY, spent most of the presentation talking about how the videos sort the latest technology is going to be at the forefront of this development.

Andrew, thank you for that rap. Andrew courtained Melfordastt Management.

Andrew, thank you for that rap. Andrew courtained Melfordastt Management.

For more from News Talks'd be listen live on air or online and keep our shows with you wherever you go with our podcasts on IR Radio

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