Nvidia Earnings or Powell’s Jackson Hole Speech? What’s More Important For Markets.

Two themes dominating markets in 2023—artificial intelligence and interest rates—threaten to collide this week with Nvidia earnings and the Jackson Hole economic symposium. With risks skewed to the downside, investors should look past short-term tech hype and fear the Federal Reserve.

This sentiment is understandable. Betting on more gains for a stock that has already increased 220% this year—buoying the S&P 500 and Nasdaq indexes—is a classic momentum trade. But the excitement might be setting traders up for disappointment.

U.S. Treasury yields have surged in recent weeks, with the yield on the benchmark 10-year note topping 4.35% to sit at its highest level since 2007. The sharp bond market moves puts Fed Chairman Jerome Powell’s speech on Friday at Jackson Hole in focus. The Fed chief is likely to caution that the central bank will keep rates restrictive for some time and may take them higher if needed.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall St opens higher with focus on Nvidia earnings, Jackson Hole meet By ReutersWall St opens higher with focus on Nvidia earnings, Jackson Hole meet
Source: Investingcom - 🏆 450. / 53 Read more »

S&P 500, Nasdaq gain as investors await Nvidia earnings, Jackson Hole meetThe S&P 500 and Nasdaq climbed on Monday as Nvidia shares rose ahead of the chip designer's earnings this week, with investors also focused on a meeting of central bank policymakers for clues on the U.S. interest rate path.
Source: Reuters - 🏆 2. / 97 Read more »

S&P 500 News: Market waits for Nvidia earnings, Jackson Hole speechThe S&P 500 has surprisingly opened higher on Monday despite negative headlines out of China. The Chinese central bank cut several important interest
Source: FXStreetNews - 🏆 14. / 72 Read more »

Wall St mixed as investors await Nvidia earnings, Jackson Hole meet By ReutersWall St mixed as investors await Nvidia earnings, Jackson Hole meet
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia earnings will be major test for AI demand, market rally By ReutersNvidia earnings will be major test for AI demand, market rally
Source: Investingcom - 🏆 450. / 53 Read more »

HSBC hikes Nvidia price target ahead of earnings, sees 80% upsideAnalyst Frank Lee raised his target price on the stock to $780 from $600.
Source: CNBC - 🏆 12. / 72 Read more »