Friends, as we try to keep our finger on the pulse of the market, we're going through a very critical juncture this week, with both macroeconomic data and rumors from the technology world simultaneously on the table. In today's article, let's calmly discuss three main topics that could directly affect all of our portfolios: the US Producer Price Index (PPI), jobless claims, and the rumors of a possible leadership change at Nvidia.

First, let's start with the October Producer Price Index (PPI) data from the US. As you know, the PPI, the top link in the inflation chain, reflects the costs of producers. If this data comes in above expectations, i.e., "hot," it will indicate that inflation is not yet fully under control. In this case, the market will begin to price in the possibility that the Fed may further postpone interest rate cuts or keep rates high for a long time. As you can imagine, this will put significant pressure on risky assets such as Bitcoin and technology stocks. Conversely, if the data comes in below expectations, it may provide some relief and breathing room for all of us.

The jobless claims data to be released tonight is the other side of the coin. The Fed has a dual task: to reduce inflation and protect employment. If jobless claims rise, it indicates a cooling labor market. A cooling labor market makes it easier for the Fed to cut interest rates. This could revive expectations of interest rate cuts in the markets, increasing risk appetite. However, it's important to carefully analyze the balance here, as very bad data could trigger recession fears.

Now, let's move on to the last and perhaps most talked-about topic: the rumors surrounding Nvidia and Jensen Huang's potential dismissal or departure. While this is currently just a rumor, we know how markets price even rumors. Jensen Huang is not just a CEO; he is the architect behind Nvidia's AI vision and its hardware and software ecosystem (CUDA). If such a leadership vacuum occurs, I believe there will be a slowdown or uncertainty in the company's AI strategy. This situation could seriously disrupt not only Nvidia's market capitalization exceeding $4 trillion, but also the future of the entire global AI supply chain. Replacing a visionary leader is not just a financial process, but also a process of preserving the company culture.

In short, while macroeconomic data determines the Fed's interest rate path, rumors surrounding Nvidia are shaping the direction of the technology sector. In times like these, it's healthiest to avoid leverage and monitor levels and balance sheets.

Which development do you think will determine the direction of the markets more this week? Macroeconomic data or these kinds of rumors surrounding technology stocks?

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