Expect Nvidia's impact on the market to decrease: Strategist

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Scott Chronert

The first week of September trading took a toll on Nvidia (NVDA) shares, which is currently trying to recover losses, and weighing on the major averages...

Citigroup head of US equity strategy Scott Chronert joins Morning Brief to discuss Nvidia's outlook and how investors can prepare for a pullback.

So what we're looking at here is a lessening rate of incremental increase on the heels of the performance that the stock has had over the past year and even year to date. If there was more of that dip, that certainly does occur as we're in September where everybody's thinking about the September effect.Well, I think from point of reference would be what happened from the middle part of July to the early part of August where you saw tech, uh and this mag seven cohort come under pressure when we got down towards those 5200 levels.

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