Three Things to Watch
- U.S. Federal Reserve (Fed) Chairman Kevin Warsh will speak Friday morning at the Jackson Hole Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City. Investors will be listening closely for his views on the economy, inflation and the path of monetary policy after the Fed left the July Federal Open Market Committee meeting divided.
- Nvidia will release earnings Wednesday after the market closes and investors will look for forward guidance as a way to measure whether the artificial intelligence sector has further to run this year. The stock is up 15.1% year to date, and the options markets is pricing for a 6% move after earnings are released, typical for the company.
- The Fed’s favored inflation measure will be out Friday morning before Chairman Warsh’s speech. The Fed used core personal consumption expenditures to track inflation, and the data series remains elevated. It is expected to come in unchanged at 3.3% year over year, well above the 2% stated target.
Three Things to Know
- Just 3% of S&P 500 stocks now have dividend yields higher than the 10-year Treasury note yield, the lowest proportion since May 2007. This marks one of the lowest readings on record in data going back to the early 1970s. This percentage has declined 40 points since the start of 2022. (Source: The Kobeissi Letter)
- The median value of stock market investments held by U.S. households has climbed to a new record high of $350,000. (Source: Wolf Financial)
- Assets under management at Polymarket are down 40% since the beginning of summer, as hundreds of millions of dollars have either left or been lost to gambling. (Source: J.C. Parets)
The above information reflects the current opinion of the author. It is based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security mentioned.
5864934- EXP: 08/31/2029