It’s been a week! Markets ended their 3-week losing streak, which in itself isn’t much of a surprise, it’s hard to keep a good market down. What was surprising however was the broad gains came without much assistance from the two ‘events’ of the week. Through no fault of its own, Nvidia couldn’t hold on to its initial gains and finished well off today. The 2nd big attraction was of course Fed Chairman Powell and his address at Jackson Hole this morning. There have been differing viewpoints on t…

Equities rallied as yields retreated today in a continued pattern of light summer volume trading. Any and all eyes actually left at the screens after the bell today were focused on Nvidia (+3.2%) earnings with extra lofty expectations after the stock has rallied over 220% YTD as the posterchild for AI. The combination of lower yields and anticipation into the print had equities regaining some ground lost in the past few weeks. Today’s breadth proved decently strong with the S&P seeing a 78%…