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Here are 2 major themes to watch in the week ahead after Friday's market rally

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After Friday's strong finish, we'll see if the market's oversold condition abates as investors get new earnings and economic reports to digest.

The S & P 500 and Nasdaq managed to close higher for the week despite a pretty sharp pullback on Thursday ahead of Federal Reserve Chairman Jerome Powell's speech at the annual central bank summit in Jackson Hole, Wyoming on Friday morning. The Powell address proved to be pretty uneventful but not before completely overshadowing blowout earnings from Nvidia, possibly the most anticipated release of the season.

Traders work on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 2023.

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