Nvidia will say the last word of the summer [Video]
![Nvidia will say the last word of the summer [Video]](https://editorial.fxsstatic.com/images/i/nvidia-01_XtraLarge.jpg)
The week started shaky for markets: French assets stumble as the PM faces a confidence vote, and the EURUSD struggles below its 50-DMA despite a pressured US dollar. In the US, tension grows between Fed Governor Lisa Cook and President Trump, fueling uncertainty over the Fed’s independence. Long-term yields continue to rise — US 30-year near 5%, UK 30-year above 5%, and European and Japanese bonds climbing — while S&P 500 earnings yield lags around 3–4%, hinting at a rotation from equities to bonds.
All eyes are on Nvidia’s Q2 results due after the bell: the AI giant makes ~8% of the S&P 500, and its earnings or the market’s reaction could move indices and set the tone for risk sentiment. Options pricing implies a 6% move in Nvidia, potentially driving a ~0.8% S&P 500 shift. With geopolitical and valuation risks high, investors may hedge via options, VIX futures, or diversification. Take your bets: the market’s next move could be big.
Author
Ipek Ozkardeskaya
Swissquote Bank Ltd
Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.
