There is no getting around the fact that Nvidia’s earnings report and Chairman Warsh’s speech at Jackson Hole later this week have become the key focus for investors…….Sometimes investors get too caught up in upcoming events like these, BUT we believe the strong attention to these issues IS warranted right now…….This is particularly true given that the chip stocks are testing a KEY support level…and a drop in investor confidence in the Treasury market is becoming palatable…….Therefore, how the markets react to these developments this week…could definitely have a meaningful impact on the market over the next several months.
