Friday, August 28, 2026 — Warsh goes hawkish at Jackson Hole, $NVDA’s AI money-printing keeps the S&P weekly gain alive, and $BYDDY’s profit rebound plus a near-certain China trade-truce extension set

Chinese executives may join Xi’s US trip and SCMP says the trade truce extension is “almost certain.” Watch this — if execs are in the room, the tariff pause is more than symbolic, and that’s a green light for China/HK exporters. The 10-year Treasury yield jumps 6bp to 4.73% after Warsh turns hawkish, and gold plus Bitcoin fall. Chicago PMI slips too. Real yields at 2.34% mean long-duration and no-cash-flow names like $PYPL $MRVL $IREN $AFRM $JPM $V need real earnings growth now. $NVDA insists it can keep printing money to fund the AI boom, and the S&P 500 posts weekly gains on that renewed AI rally. The issue is concentration — the whole tape is leaning on one capex story. SK Hynix breaks ground on a US HBM production base. Good signal for AI supply chain onshoring and capacity, but it also means higher fixed costs and more competition for domestic fabs. Qatar extends LNG force majeure as Hormuz traffic remains halted, and Treasury sanctions a UAE branch of an Egyptian bank over Iran

Chinese executives may join Xi’s US trip and SCMP says the trade truce extension is “almost certain.” Watch this — if execs are in the room, the tariff pause is more than symbolic, and that’s a green