Stocks enter the most consequential week of summer as trading moves beyond AI alone. Bond volatility proves catalysts are not confined to the upside, setting up a pivotal end to August. On Wednesday, Nvidia Inc. reports earnings, serving as a quarterly referendum for the AI trade.

Friday brings [PERSON_NAME] delivering his first [ADDRESS] keynote as Federal Reserve chair. Though the advertised topic focuses on payments innovation, side notes and the risk of over-interpreting comments remain possible. The market watches closely as Treasury campaigns against a selloff in long-term bonds add further complexity to the economic landscape.