OP Wire 8/27 (OP – Lite)

By Steve

📈 Market Recap & What’s Ahead

The major indices closed higher Tuesday as traders leaned into optimism ahead of Nvidia’s earnings, with the chipmaker seen as a key AI barometer and broader market bellwether. Despite August’s reputation as a tough month for stocks, the indexes are all on track for gains:

S&P 500: +2% MTD
Dow Jones: +2.9% MTD
Nasdaq Composite: +2% MTD

🔦 Spotlight: Nvidia Earnings

$NVDA reports fiscal Q2 results after the bell today.
Street expects revenue +53% YoY to $46B, but that’s still well below the triple-digit growth from prior quarters.
Outlook is critical: China sales remain in focus given tariffs, chip curbs, and trade policy uncertainty.
With tech cooling off this month, Nvidia could set the tone for near-term risk appetite across markets.

Other names reporting: $SNOW, $CRWD, $HPQ (today), $MDB, $PVH, $OKTA, $KSS (already reported).

🏛 Fed Independence in Focus

Trump is pushing to remove Fed Governor Lisa Cook, alleging mortgage fraud. Cook denied and vowed to fight in court—her term runs until 2038.
Trump and allies continue to demand immediate rate cuts, but the Fed is holding cautious due to inflation and jobs data.
Concerns are rising over political pressure vs. Fed independence, a risk to U.S. economic credibility long-term.

🧥 Canada Goose in Play

Reports suggest Bain Capital may take $GOOS private at ~$1.4B valuation. Stock could be volatile on deal speculation.

🛢 Crude Oil Slips

Oil gave back gains after fresh U.S. tariffs on India, the world’s 3rd largest crude consumer.
Brent $66.61 (-0.1%) | WTI $63.19 (-0.1%) after both fell >2% Tuesday.

📊 $QQQ Tech Index

Closed at 572.61 (+0.4%), just <2% from ATH (583.32).
Key support: ~560 on short-term timeframe.
Today’s NVDA ER is the primary sentiment driver, alongside other tech earnings.

Market snapshots:

BTC: ~$111K
Gold: ~$3,430/oz
Silver: ~$38.6/oz

📅 Today’s Data

10:30AM ET – Crude Oil Inventories
1:00PM ET – 5Y Note Auction

🎉 OP Community Highlight

Congrats to HoliCannoli on a 22-day win streak using Secret Sauce + AC&I systems. That’s what disciplined execution looks like. Everyone here has access—if you’re not using them properly, email Steve@optionsplayers.comand get plugged in.

👉 Be sharp around today’s $NVDA earnings—this will dictate tech and broader sentiment. See you in chat for upgrades, downgrades, and setups.

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