Nvidia earnings could change the context of the market this week.
Not only that, but we have Kevin Warsh’s first Jackson Hole speech.
No shortage of events on the horizon which leads me to believe there’s going to be no shortage of volatility.
Over the past few weeks it’s been a whirlwind. From Situational Awareness being liquidated to “Economic D-Day” being declared on Iran, the market has had to digest one major headline after another.
And despite all of that the S&P 500 is still sitting just a few percent from all time highs.
Even though the AI trade has been lagging, new themes and sectors are emerging as leadership. In my view, that’s healthy. Not only are the AI leaders not falling apart but new groups are holding the market up while they digest their big gains.
That’s helped support the market into what’s likely the biggest week in the market until midterms later this year…
I want to quickly mention that even though software + crypto are now consensus long ideas, I highlighted both of these as actionable ideas a month ago before the crowd:
“The Bottoming Process Has Begun” here on 7/21 (crypto).
“Something Big Just Happened” here on 7/14 (software).
It pays to be early.
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post all of my new trades as I enter them. I walk through the trade idea entirely including my thesis, risk level, cost basis, and more.
The subscriber chat is also where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
It’s basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha in there.
I honestly believe it might be one of the most (if not the most active) subscriber chats on Substack.
Come join us!
In the remainder of this article, I’m going to discuss:
Nvidia earnings and what I’m expecting
The group that had it’s biggest catalyst in years and is setting up for a big trade
One stock that has it’s biggest moment ever on the horizon and is potentially presenting an opportunity
My focuses in both software + crypto
The overall market
Sentiment indicators
My trading portfolio
My favorite charts + setups
And more.
We have a massive week on the horizon which likely means massive opportunity as well.
It’s important to be prepared.