Mark Newton, Fundstrat’s Head of Technical Strategy, breaks down the market’s key turning points. Tech stocks are showing signs of strain, the Fed is preparing for multiple rate cuts, and gold is breaking out after months of consolidation.

AI-generated source summary

The strategist suggests that NVDA shares might stall without new highs in September. The stock has risen approximately 113% over 17 weeks, currently in a consolidation phase over the past four weeks. The stock is trading in a range between $165 and $184. A break below $167 could lead to a decline towards $161, but fundamentally, it remains a hold. Regarding gold, it has broken out of a range-bound period, exceeding $3,500. With real rates decreasing and the Federal Reserve expected to cut rates, the environment favors precious metals. Silver is outperforming gold as an industrial metal, offering portfolio diversification.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   04 Sept 2025, 00:46 UTC

   The analyst published the original source item.

2. First prediction resolved

   04 Sept 2025, 14:00 UTC

   The first evaluable outcome in this case reached a terminal result.

3. Case evaluation completed

   09 Sept 2025, 13:00 UTC

   All evaluable predictions in this case reached terminal outcomes.

4. Source recorded by Tahlil Plus

   18 May 2026, 20:23 UTC

   The public source was preserved as the evidence record for this case.

5. Market predictions extracted

   18 May 2026, 20:47 UTC

   3 eligible signals linked to this case.

6. Outcome tracking started

   02 Jul 2026, 02:11 UTC

   Tahlil Plus began monitoring the extracted predictions.