Nvidia Earnings and Warsh's Jackson Hole Keynote Set to Test Stock Market
The stock market is heading into its most critical week of summer, and it's clear that AI is no longer the sole driver of trading activity. Bond volatility has also shown that catalysts can come from both sides, creating a complex landscape for investors.
Nvidia Inc. will report its earnings on Wednesday, which is being seen as a key referendum on the AI trade. This comes just before the Federal Reserve chair, Kevin Warsh, delivers his first Jackson Hole keynote on Friday.
The topic of Warsh's remarks is payments innovation, but some are warning against over-interpreting any comments that may have market-moving implications. The US Treasury has been campaigning to prevent a selloff in long-term bonds, and bond volatility has proven that catalysts can come from both sides.