"Nvidia's Earnings Report Delays S&P 500 Correction"
The S&P 500's correction attempts have been thwarted by the significant rise of Nvidia and Meta stocks, driven by the GenAI theme, despite a negative macro environment and tightening financial conditions. The article suggests that the Nvidia bubble will eventually burst, leading to a market correction, as the systematic risk variables are likely to dominate the market. The author maintains a bearish outlook on the S&P 500, despite the current hold rating, and discloses a beneficial short position in SPX shares.