U.S. Treasury Secretary Scott Bessent failed to suppress long-term bond yields, sparking market volatility. A fresh trade war with Canada and a negative reaction to Walmart’s earnings are adding to investor concerns, according to Julian Emanuel, strategist at Evercore ISI. This critical week features Nvidia’s results and the Federal Reserve’s Jackson Hole symposium. Evercore ISI suggests two strategies: playing on interest rate concerns or betting on a tech sector bounce driven by Nvidia.
Source: Read the original article
