We analyzed the deal on the US debt ceiling with Rafael Ojeda. Rafael Ojeda is a Global Macro Analyst and Advisor to Fortage Funds. In addition to asking about settlement in the US. Also how is he watching the market and warning us that despite the fact that US Treasury Secretary Janet Yellen has warned that they are about to run out of money in a few days. Rafael Ojeda recalls that even we do not know exactly when the US Treasury will be at zero.
Nothing would happen – continues Rafael Ojeda – if the US entered into default from time to time. About 2 or 3 days as has happened on other occasions. “The real problem is when the two sides don’t reach an agreement,” he says. Regarding Nvidia, all he can say is that he has wonderful hopes for the future. After producing some impressive results that have been spectacular above consensus expectations.
All this has made us realize that the metaverse has been relegated to the background and now, it is Artificial Intelligence (AI) that is taking full care of investors, companies etc. After the Nvidia rally, Rafael Ojeda’s advice for investors thinking about buying is that the stock is still expensive and perhaps we’ve already lost part of the momentum that the company has experienced.
Yet, advisors at Fortage Funds continue to think that you should be on Wall Street. In Europe, the situation is different as other more traditional sectors are over-weighted in European stock markets, such as the financial sector, the industrial sector, the automotive sector… “We have been pushed out of technology”. For example, Rafael Ojeda cites that the stock market value of Apple is the same as the GDP of the United Kingdom. According to the analyst, the only fear America has is that the next Nvidia will be Chinese.
