Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Investing.com -- JPMorgan strategists believe upcoming events like the Jackson Hole Symposium, Nvidia (NASDAQ:NVDA) earnings, and non-farm payrolls data will impact US equity markets more significantly than European ones.
The team led by Davide Silvestrini pointed out that despite these event risks, Euro Stoxx 50 short-dated implied volatilities are currently trading above those of the S&P 500.
JPMorgan strategists recommend an at-the-money put switch strategy, suggesting investors buy September 8 SPX puts while selling September 5 SX5E puts to receive a small credit upfront.
The bank noted that Nvidia earnings have evolved into an index-level event rather than just affecting the single stock. The company’s marginal risk contribution is now over twice its weighting in the S&P 500.
According to the strategists, the upcoming non-farm payrolls release will be particularly important due to its potential influence on the trajectory of monetary policy.
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