The Nvidia Distraction Is Over. Jackson Hole, Powell, Bonds Take Center Stage.

Summarize the text with a short, high-quality one-sentence summary: The focus has shifted from Nvidia earnings to Jackson Hole, Powell, and bonds as the more important event for markets this week.

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Relevant topic timeline:

8/23/2023

Morning Bid: Move over bond selloff, it's Nvidia time

The surge in U.S. yields has dominated market focus leading up to the Fed's Jackson Hole Symposium, while Nvidia's earnings release is expected to bring high volatility to the chip designer's shares.

8/23/2023

US Jackson Hole symposium: Powell’s speech to move markets

The market is focused on the Jackson Hole Symposium for any policy changes from Fed Chair Jerome Powell, with investors eager to know if higher rates for longer are necessary. The market reaction will depend on Powell's message regarding rate hikes and cuts.

8/25/2023

'We are going to need a new story' to get investors excited again, says Morgan Stanley's Mike Wilson

Investors are in need of a "new story" to regain excitement in stocks after the failed rally following Nvidia's blowout earnings, according to Mike Wilson, chief investment strategist at Morgan Stanley.

8/29/2023

Has Jerome Powell Lost His Relevance?! - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), NVIDIA (NASDAQ:NVDA)

Investors eagerly awaited Nvidia's earnings report, which beat expectations, but the market rally was short-lived due to Federal Chair Jerome Powell's speech at Jackson Hole, with the Nasdaq falling over 2% and bulls losing hope; however, there is optimism for a potential turnaround next week with upcoming economic data events.