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Nvidia earnings will be key test for momentum trade, Wolfe Research says

Nvidia's earnings report on Wednesday evening is likely to be a key factor in whether the momentum trend that has pushed stocks to new highs can continue, according to Wolfe Research.

Strategist Chris Senyek said in a note to clients that the momentum trade is showing signs of weakening during the recent hiccup for stocks but that it was still too soon to call . . .