Market indexes showed a downturn until Federal Reserve Chair Jerome Powell’s dovish announcement at the Jackson Hole meeting last Friday, indicating a potential interest rate cut in September. This statement contributed to a turnaround in stock values.
Upcoming earnings from NVIDIA Corporation (NVDA) on Wednesday after the market close will be crucial for continued market momentum, with many investors closely watching the company’s guidance. Additionally, the week includes earnings reports from other firms, such as The J.M. Smucker Company (SJM) and CrowdStrike Holdings, Inc. (CRWD).
With mid-term elections approaching, President Trump is advocating for lower interest rates to spur economic growth, potentially leading to the implementation of Executive Order #14196, which could establish America’s first sovereign wealth fund.
