{"id":51106,"date":"2023-08-21T09:55:15","date_gmt":"2023-08-21T13:55:15","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/nvidia-and-jackson-hole\/"},"modified":"2023-08-21T09:55:17","modified_gmt":"2023-08-21T13:55:17","slug":"nvidia-and-jackson-hole","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=51106","title":{"rendered":"Nvidia And Jackson Hole"},"content":{"rendered":"<div>\n<p><strong>Key Takeaways<\/strong><\/p>\n<ul>\n<li>Stocks Looking To Snap Three Week Losing Streak<\/li>\n<li>Nvidia Reports Earnings On Wednesday<\/li>\n<li>Annual Jackson Hole Meeting This Week<\/li>\n<\/ul>\n<p>It was another tough week for equites. The S&amp;P 500 dropped 2.1% while the Nasdaq Composite shed nearly 2.6%. That puts the S&amp;P down nearly 5%, while the Nasdaq Composite is off nearly 7.5% for the month of August. Bonds have also been hit with interest rates on the benchmark 10 year ticking higher to close last week just shy of 4.25%.<\/p>\n<p>While earnings season is all but over, we do have one big name reporting this week, along with a host of economic data points, capped by the annual Fed meeting at Jackson Hole. On Wednesday after the close, AI darling Nvidia is scheduled to report. The excitement and hype around AI has benefitted Nvidia as their chips play a central role in the field. Shares of Nvidia closed Friday just under $433 and the stock has an expected move for the week of +\/- $50.<\/p>\n<p>Another company that I\u2019m watching is Arm Ltd. Arm is another player in the chip space While not yet public, the company is expected to file for a public offering with an IPO date sometime in September. The listing would mark the largest IPO since Rivian went public in 2021. Arm is aiming to raise somewhere between $8 and $10 billion which would give it a market cap of $60 to $70 billion.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>On the economic front, there are a few key reports scheduled, with existing home sales being one. I\u2019m very interested to see how the housing market is holding up in the wake of rising interest rates, with many expecting mortgage rates to hit 8%. Then on Friday, we\u2019ll hear from Federal Reserve Bank Chairman, Jerome Powell, at the conclusion of the Jackson Hole meeting. While the Fed itself will not meet this month to adjust interest rates, the market expects rates to hold steady when the Fed does meet later in September.<\/p>\n<p>A few other items worth noting as we head into the week include Zoom, who will report earnings after the close. Also, I\u2019m continuing to watch market volatility. The VIX closed Friday at 17.30 and in premarket is indicated at 17.73. It was less than a month ago when VIX hit a low of 12.74. That\u2019s a near 40% increase and as we near the end of August, it could be a potential sign markets are anticipating a choppy September. We\u2019ve already seen some decent carnage in market leaders such as Tesla<fbs-ticker data-name=\"TSLA\" data-href=\"https:\/\/www.forbes.com\/companies\/tesla\" data-type=\"stock\"><br \/>\n  TSLA<br \/>\n <\/fbs-ticker>, which is down 19% this month. As always, I would stick with your investing plans and long term objectives.<\/p>\n<p><em>tastytrade, Inc. commentary for educational purposes only. This content is not, nor is intended to be, trading or investment advice or a recommendation that any investment product or strategy is suitable for any person.<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/jjkinahan\/2023\/08\/21\/nvidia-and-jackson-hole\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Stocks Looking To Snap Three Week Losing Streak Nvidia Reports Earnings On Wednesday Annual Jackson Hole Meeting This Week It was another tough week for equites. The S&amp;P 500 dropped 2.1% while the Nasdaq Composite shed nearly 2.6%. That puts the S&amp;P down nearly 5%, while the Nasdaq Composite is off nearly 7.5% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-51106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nvidia And Jackson Hole | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Key Takeaways Stocks Looking To Snap Three Week Losing Streak Nvidia Reports Earnings On Wednesday Annual Jackson Hole Meeting This Week It was another\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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