Bank of America Securities: Nvidia's earnings report may determine the success or failure of the US stock market rebound

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ODAILY
11 hours ago
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Odaily Odaily News: Bank of America Securities strategists expect Nvidia's earnings report, to be released on Wednesday, to bring greater volatility than the next non-farm payrolls, consumer price index or Federal Reserve decision. They urged clients to hedge the potential impact in case the earnings results are disappointing. "The market took a breather last week after the post-election rally, and we believe Nvidia's earnings report will determine the market's near-term direction," the team including Gonzalo Assis and Quan Oucheng said in a report to clients on Monday. "When Nvidia is scheduled to release its earnings report on November 20, the implied volatility of the S&P 500 will be consistent with Nvidia's own implied volatility, indicating that the risks posed by the earnings report are higher than the upcoming employment and inflation data or the Federal Reserve meeting. (Jinshi)

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