Nvidia earnings and Jackson Hole speech set to drive markets

Nvidia's fiscal second-quarter results and Federal Reserve Chairman Kevin Warsh's Friday speech Friday's Jackson Hole speech, with both events could trigger significant market moves, with both events could be the key catalysts that could be the key catalysts this week, with both events could be the key catalysts this week. Nvidia's earnings report Wednesday after the bell is expected to show sky-high growth, while Fed Chairman Kevin Warsh's Friday speech at Jackson Hole will be scrutinized for clues on bond market turmoil. Options traders are pricing similar implied moves for both events, around 65-67 basis points, according to Barclays. Nvidia shares have fallen for seven straight days and are nearly 12% off their May high, with the stock dropping after its last four earnings releases. Small caps show particular sensitivity to Jackson Hole, with the Russell 2000 historically moving over 3% in half of such episodes.