Big week coming up with PCE, Nvidia earnings and then Jackson Hole. Here's what to expect
The summer may be winding down, but there's an awful lot of potentially market moving activity in store next week.
TL;DR
- Next week's market activity includes Jackson Hole, Nvidia earnings, and the PCE inflation report.
- U.S. 30-year Treasury yields have reached multi-decade highs, impacting the stock market.
- Investors await Fed Chairman Kevin Warsh's comments at Jackson Hole for guidance on inflation and monetary policy.
- The July Personal Consumption Expenditure (PCE) price index will offer insights into inflation trends.
- Economists expect a slight decrease in year-over-year inflation rates, but core inflation may see a slight monthly increase.
- Nvidia's earnings report and commentary on AI spending and its China relationship are highly anticipated.
- A strong performance from Nvidia could drive the S&P 500 higher.
- Key economic data and earnings releases are scheduled throughout the week.