Volatile Week Ahead: Bonds, Jackson Hole, and Nvidia Earnings

The upcoming week is expected to be volatile due to several key events, including the Fed Chair's speech at Jackson Hole and Nvidia's earnings release.

While it is uncertain which event will have a greater impact on the market, the indicators suggest that the S&P 500 may experience a down move early in the week, followed by an oversold rally.

The elephant in the room, however, is the bond market, which has been experiencing a terrible sentiment due to Secretary Bessent's recent actions.

The DSI (Daily Sentiment Index) for bonds is currently at 19, indicating that investors are bearish on the market. The author believes that this may be an opportunity for bonds to bottom out, citing the DSI's previous low of 10 in July.