Monday Macro – is the melt up upon us for US equities?

The irresistible rise of chip design giant Nvidia and how its moving markets. Might it help push the S&P 500 to 6000? Plus Big Oil is the classic tech hedge and is paying out lots of cash.

Last week was remarkable - bullish sentiment in the wake of stellar Nvidia earnings helped the Nikkei 225, CAC 40 and all three major US indices top their record highs. One stand-out data point - the Dow and S&P 500 have seen 17 weeks of gains, bar two from their October lows.

According to Deutsche analysts, last week saw incredible inflows into equity …