NASDAQ jumps on a reflation/inflation trade from NVIDIA's "AI" and its $10 million in sales. market is mispricing Chinese deflation, rather china will set off another supply tech chain crunch ala 2020. Stock rally's in tech is testment to this. How long can it hold?

 After the Nvidia results, the NASDAQ jumped 6% (chart above).  As speculation and AI hype come rolling in, despite China's slowdown and possible looming supply chain disruption in chip technology and exports.  What occurred with the NSDAQ rally, was Nvidia posting a $10.32 billion sales increase for their so called AI technology, and one has to be cynical here, is just a superfast database, that at times jumbles things up.  Please refer to these post on AI chat tests.

Cathie Wood of ARK investments, who is s self proclaimed disruptive technology investor, sold 1 million $ worth of Nvidia shares, before the company's earnings report.  Hard to say why this was done prior to Nvidia's share price rocketing up over $300 on the day of the report.  But, one thing is certain; the chip/CPU giant's stock is now grossly overbought, which in turn has created a bull trap on the NASDAQ.

Yet, what was witnessed on the NASDAQ/Nvidia surge is a reflation/inflation trade as tech will start to become more and more expensive.  Unless the Fed sends the U.S. Dollar upwards, allowing purchasing power of the US citizen to trump the world.   And no, China will not export deflation to the West, but solidify stagflation. Remember the supply chain disruption of 2020 which came out of China and Taiwan?  Think that with a imploding junk/corporate/commercial/real estate bond markets. 

And a possible conflict/military miscalculation with China re: Taiwan cannot not be ruled out in the near term.