🌟🌟🌟This week in the US market is shaping to be volatile, with a slight lean toward cautious and choppy rather than a clean bullish trend. The direction will depend on $NVIDIA(NVDA.US)earnings, Core PCE inflation and US Treasury yields - the 3 big catalysts dominating Wall Street right now.
NVIDIA Earnings on Wednesday : the AI King decides the mood. If NVIDIA beats, tech stocks will rally and S&P500 gets a boost. If NVIDIA disappoints, semiconductor stocks maybe dragged down and Nasdaq could wobble hard.
Core PCE inflation (Friday) is the Fed's favourite gauge. Markets are waiting for confirmation of a September rate cut. Cooler PCE: rate cuts more likely and will be bullish for the market. Hot PCE: rate cuts delayed and will be bearish for the market.
US Treasury Yields and Geopolitics: Long dated yields have been rising again, which have historically pressured Tech stocks. Add the unresolved US Iran tensions and oil prices stay elevated resulting in inflation worries.
My Take: Most likely outcome, the markets will be choppy, sideways with sharp swings. This is not a clean trending week. It is a reaction week.




















