Weekly Market Recap - Friday, 25-Aug

US equities were mostly higher this week. Upside was tabbed to peak Fed optimism, including Chair Powell not offering any view on a higher neutral rate or push back against 2024 rate cuts. Nvidia earnings was the big corporate story of the week. Results exceeded very elevated expectations, while the company guided Q3 revenue more than 25% ahead of consensus and announced a $25B buyback program.