Stock Market Update: Fed Signals Interest Rate Cut, Nvidia Earnings Report, and Economic Outlook

Let’s get ready for a really important week ahead for the stock market and we heard it from the mountaintop last week Chairman J Powell of the Fed from Jackson Hole saying the time has come for interest rates to adjust they are going lower definitely at that September 18th meeting. We knew this was coming but this is the most forceful we’ve heard the Fed speak about it so far so stock markets rallying the equal weight S&P all time high. The S&P 500 you’re 1% from its all time high stocks across sectors busting out small stock Russell 2000 52 week high, why? Because small stocks like lower interest rates so do a lot of sectors of the stock market we know that is coming. We’re gonna get a massive earnings report this week from Nvidia one of the biggest stocks in the stock market. A 3.1 trillion dollar company, as it goes, so goes the stock market especially tech stocks that we saw Nvidia rallying it’s up 160% so far this year. So yeah, kind of important and at $3.1 trillion, it’s bigger than GDPs of most countries out there. This is a massive important stock so we wanna hear the guidance of Nvidia in terms of chip sales, in terms of AI demand, is that still hot? If that’s still hot the markets gonna keep rallying. We’re gonna get some economic reports out this week they’re only gonna confirm what the Fed is saying the PCE, the Personal Consumption Expenditures Index the Feds preferred gauge of inflation out on Friday. Inflation’s slowing but it’s the labor market that the the Fed is watching because it is soft so with the weekly jobless claims this week then we’ll get the jobs report for the month of August next week and all this pointing the Fed rate cuts in September the question is quarter point or half a point and then what happens after that? It’s all data dependent but get ready for a rate adjustment, it’s coming.