eToroTeam @eToroTeam: "📅 WEEKLY ANALYST: The Time..."

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📅 WEEKLY ANALYST: The Time Has Come The moment we've been waiting for is here! Check out this week's market overview from eToro’s global analyst team, featuring the latest data and our house view on investments. 📊 🔊 Powell’s Big Move: Last week at the Jackson Hole Symposium, Jay Powell declared, "The time has come for policy to adjust." After 11 rate hikes between March 2022 and July 2023, the Fed Chair signaled that rate cuts are now on the horizon. 🏦💰 On Friday, the Nasdaq, S&P 500, and Dow Jones all gained 1.1-1.2%, while the Russell 2000 soared with a 3.2% rise. 📈 Meanwhile, the 2-year Treasury yield dropped to 3.97%, and the EUR/USD hit its highest level in 2024 at 1.12. 💶 🔍 What’s Next: The Fed's focus is shifting from inflation to unemployment as the key driver for rate cuts. All eyes are on the August Unemployment Rate, due September 6th. A rate above 4.4% could lead to a larger cut of 50 basis points on September 18th. 📅 Meanwhile, keep an eye out for this Friday’s PCE report, although NVIDIA's earnings on Wednesday might steal the spotlight. 🌟 🤔 Why the Cut Matters More Than When: The "why" behind a rate cut is crucial. A cut in a strong economy signals strength—a bull market sign. But if it’s due to economic weakness, recession fears could reignite. 🔥 Inflation needs to keep easing, with Friday's US PCE rate expected to hold steady at 2.5% for July. 📉 🛠️ Copper - The Economy’s Barometer: Copper, often seen as a global economic indicator, is currently as cheap relative to gold as it was in 2020. 📉 But with expected rate cuts and a forecasted supply deficit, demand for copper could soon rise, stabilizing prices. Last week, copper closed at $4.25 per pound. 📈 🎬 NVIDIA Earnings - What to Watch: "Get the popcorn out," says tech analyst Dan Ives, ahead of NVIDIA’s earnings on Wednesday. 🍿 With high expectations, here’s what to watch: 👉Earnings: Revenue expected at $28.54 bn YoY and EPS at $0.64. 💵 👉 Outlook: Future orders and growth. 🚀 👉 Delays: Will NVIDIA address rumored delays of their new Blackwell chips? 🕒 China: Impact of US sanctions on their growth. 🌏 Be ready for price swings due to the high valuation and sensitivity to quarterly results. 📊 ⚠️ Beware the “September Effect”: September is historically one of the weakest months for equities, driven by seasonal patterns like portfolio rebalancing and fiscal year-end clean-ups. While not guaranteed, be prepared for potential market downturns. 📉 🗓️ Earnings & Events: Wednesday, August 28th: $NVDA (NVIDIA Corporation), $BYD (Boyd Gaming), $CRM (Salesforce Inc), and $CRWD (Crowdstrike Holdings) report earnings. Thursday, August 29th: $ULTA (Ulta Beauty Inc), $DELL (Dell Technologies Inc C), and $MRVL (Marvell Technology Group Ltd) report. 🕒 For more information and updates on the markets, don’t forget to follow our eToro Analysts: @AntoineFraysse , @majorusa, @Analista-eToro, @jwesth, @xmolinaj, @JPvOudheusden, @joshgilbert9, @pmajtkowski, @samnorth7, @Nezatron, @Bretman Stay informed and stay ahead! 🚀