3 MASSIVE CATALYSTS FOR $SPY THIS WEEK
The market has three major events to watch, and the setup could get interesting fast. 👀
1️⃣ $NVIDIA(NVDA)$ Earnings Could Set the Tone
I expect $NVDA to beat both EPS and revenue, but the real hurdle is Q3 guidance of $104B+.
📈 Bullish setup: A strong print could fuel a run toward $230+.
⚠️ The catch: A lot of the good news may already be priced in. The move into earnings could get tricky, so I’d rather wait for a potential dip and look closer to $200.
2️⃣ PCE Inflation Data 📊
Wednesday, 8:30 AM
Consensus is looking for PCE to come in around 3.2%–3.3%.
If inflation comes in cooler than feared → bullish for $SPY 🚀
A softer inflation print could reinforce expectations for easier Fed policy and give equities another catalyst higher.
3️⃣ Jackson Hole 🏦
Aug 27–29
All eyes will be on Kevin Warsh speaking Friday morning.
I’m expecting his remarks to be market-friendly, given his communication skills and the importance of the current macro backdrop.
$NVDA earnings + cooler PCE + Jackson Hole could create a powerful setup for $SPY this week.
I already have a target for $SPDR S&P 500 ETF Trust(SPY)$ this week. 🎯
Want to know where I think it’s headed?
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