Whalesbook
US equities continued their decline for a fourth consecutive day, with the Dow Jones falling 500 points and the S&P 500 and Nasdaq also ending lower. Investor sentiment remains cautious due to concerns over monetisation capex, upcoming Nvidia earnings, the September jobs report, and elevated market valuations. A Bank of America survey indicates global fund managers have reduced cash holdings, a trend historically associated with equity market declines. All eyes are on Nvidia's third-quarter results, a key event for the AI sector and the broader market.