The Nasdaq Composite (^IXIC) peaked above 17,000 in Tuesday's session, the index driven higher overall by the anticipation of Nvidia's (NVDA) latest earnings and the results themselves.

Russell Investments President and Chief Investment Officer Kate El-Hillow sheds some late on the market momentum and how investors are reacting to it

"It's always hard to call the end of a momentum trade, particularly when it's supported by some good fundamentals," El-Hillow starts off, adding: "Probably if you're already a holder, you wouldn't do as much. But if you are in it, trimming a little bit might make sense, particularly if you think that the AI trend or theme is a durable one. And we do. So you start to see some broadening out into other sectors."

El-Hillow also touches upon the possibility of interest rate cuts and noticeable earnings gaps seen this past season.

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This post was written by Luke Carberry Mogan.