Danny Moses, founder of Moses Ventures and an investor known for betting against mortgage-backed securities before 2008, said the two most important assets for markets right now are the 10-year Treasury bond and Nvidia. The U.S. 10-year Treasury yield stood at 4.623% on Tuesday, while U.S. government debt surpassed $40 trillion. The monthly U.S. budget deficit topped $432 billion in July, its highest level since March 2021. Nvidia is scheduled to report earnings after the bell on Wednesday, with the average analyst consensus expecting approximately 40% upside over the next 12 months.
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