August 21, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

What Is Next

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of Nvidia stock is being used to illustrate the point.
• What happens next in the stock market will come down to Nvidia earnings and Powell’s speech at Jackson Hole.
• The chart shows when Nvidia earnings were last released.  Nvidia guided current revenues to $11B from $7B for the quarter.
• The gap up shown on the chart added about $184B in market cap.