A pair of assets make up the center of gravity in financial markets at the moment, according to Moses Ventures founder Danny Moses. The “two most important assets right now to the market are the 10-year bond and Nvidia ,” Moses, who was chronicled in “The Big Short” as one of the investors who bet against mortgage-backed securities before 2008, said Tuesday on CNBC’s “Fast Money.” Investors are closely watching Nvidia in the countdown to its earnings report due after the bell Wednesday. The stock has also pulled back following earnings releases in recent quarters. This time, investors will be searching for insights into the chipmaker’s dependence on hyperscalers. Nvidia shares rose about 2% on Tuesday, snapping a seven-day losing streak — its lengthiest daily decline since 2022. Despite the recent turmoil, shares are up around 14% in 2026. NVDA YTD mountain Nvidia in 2026 Moses, who is bullish on the stock, said he expects the company to beat earnings and guide higher on Wednesday. Wall Street appears to be on the same page: The average analyst polled by LSEG has a buy rating and anticipates around 40% in upside over the next 12 months. “People should run and hide — Andy Garcia-style, ‘Ocean’s Eleven’ — because I’m long Nvidia,” Moses said. Moses’ highlighting of the 10-year Treasury yield comes during the market’s focus on government bonds. Investors have grown concerned that U.S. government spending has ballooned too far and that recent Treasury Department actions would not be adequate to address it. The U.S. 10-year note yielded 4.623% on Tuesday. US10Y 1M mountain U.S. 10-year Treasury, 1-month The monthly U.S. budget deficit topped $432 billion in July, marking its highest level since March 2021. U.S. government debt surpassed $40 trillion as of last week, meaning it had more than doubled over the last decade. Treasury Secretary Scott Bessent said last week that his department would double debt buybacks in a bid to steady soaring long-dated bond yields. Bessent told CNBC that he has a “big toolkit” to soothe the government bond market. “I don’t think there’s a reason to panic here,” Moses said. But, “now we’re going to highlight, kind of, the fiscal condition of the U.S. — and it’s not pretty.”
