🌟🌟🌟Buckle up! We have arrived at the most exciting week on the calendar. $NVIDIA(NVDA.US)is stepping up to the podium with its highly anticipated Q2 earnings. In another event, the world's central banking elite are packing their hiking boots for the Jackson Hole Economic Symposium where Fed Chair Kevin Warsh will be delivering a defining policy address.
What can investors expect:
Tech optimists are convinced that Wednesday will provide the ultimate fundamental validation to blast the S&P500 straight toward 8,500 by 2027.
If Jensen Huang takes the stage in his signature leather jacket and guides forward revenue into the stratosphere, the entire semiconductor sector will be ignited.
Conversely the Bears are not looking at GPUs. They are staring at the bond market. The US 30 year Treasury Bond yield is near its historic high of 5.33% in 19 years.
The Bears are betting that Kevin Warsh may give a hawkish speech with interest rates higher for longer due to stubborn inflation.
Whatever the outcome maybe, expect fireworks to tear through the trading pits this week.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.