TMTB Morning Wrap

Good morning. QQQs +80bps rallying after yesterday’s down day. Main event today is Powell’s speech at Jackson Hole, which starts at 10am est. Fed exepctations are holding steady with market pricing in 31bps of cuts for 9/18 and 97bps for the year and yields are flat across the curve. Arguably bigger for the market is NVDA on Wednesday of next week (MR…