Full Breakdown
Nvidia Earnings and Fed Chair Kevin Warsh’s Jackson Hole Speech Set to Drive Market Volatility
8/22/2026, 2:13:45 AM
Core Event: Dual Catalysts Loom for U.S. Markets
The week of August 26 brings two high-profile events that analysts say will dominate price action across equities, bonds and currencies. Nvidia (NVDA) is slated to release its second-quarter results after the close on August 26, while Federal Reserve Chair Kevin Warsh will deliver his inaugural keynote at the Jackson Hole Economic Policy Symposium. Both events are expected to shape expectations for the Fed’s interest-rate path and the valuation of AI-related stocks.
Background & Context
The company’s guidance of $91 billion in quarterly revenue—well above the consensus $87.2 billion—has already been priced into equity valuations, making the earnings release a “mega-cap earnings season” bellwether.
Data & Statistics
| Metric | Figure | Source |
|---|---|---|
| U.S. 10-year Treasury yield | 4.734 % | TradingView |
| U.S. 30-year Treasury yield | 5.274 % | TradingView |
| SPDR S&P 500 ETF (SPY) | +0.5 % | TradingView |
| Invesco QQQ Trust (QQQ) | +0.4 % | TradingView |
| SPDR Dow Jones Industrial Average ETF (DIA) | +0.8 % | TradingView |
| Dow Jones index (prior week) | –700 points | HeyGoTrade |
| S&P 500 (prior week) | –0.87 % | HeyGoTrade |
| Nasdaq Composite (prior week) | –1.0 % | HeyGoTrade |
| Nvidia Q2 revenue guidance | $91 billion | StreamlineFeed |
| Consensus revenue estimate | $87.2 billion | StreamlineFeed |
| Expected YoY revenue growth | ?100 % | StreamlineFeed |
| Core PCE price index forecast (MoM) | +0.2 % | BitcoinWorld |
| Core PCE annual rate forecast | ?2.5 % | BitcoinWorld |
| DXY index recent level | Four-month low | BitcoinWorld |
Verbatim Quotes
- “In terms of Jackson Hole, we do think that there is somewhat of an asymmetric risk,” — Molly Brooks, rates strategist
- “It's most likely going to be disappointing to markets if he doesn't come out with enough information here, whereas there’s not that much to gain in terms of if he does give us some clarity on a reaction function, just because we don’t think he's going to give us quite enough there,” — Molly Brooks, rates strategist
Conflicting Reports & Gaps
Sources differ on the scheduled dates for the Jackson Hole symposium. TradingView and HeyGoTrade list the event as running from August 27 to August 29, while BitcoinWorld reports an earlier window. Both sets of dates are marked as scheduled in the date ledger, and the discrepancy remains unresolved.
What’s Next
- July PCE price index release – scheduled for later this month.
- August 26 – Nvidia’s second-quarter earnings report after market close.
- August 27-29 – Jackson Hole Economic Policy Symposium, featuring Warsh’s keynote (TradingView, HeyGoTrade).
Investors are advised to monitor the outcomes of these events for potential shifts in equity valuations, Treasury yields and the U.S. dollar’s trajectory.
