Bank of America Securities: Nvidia's earnings report may determine the success or failure of the stock market rebound

Strategists at Bank of America Securities expect Nvidia's earnings report on Wednesday to be more volatile than the next non-farm payrolls data, consumer price index or Federal Reserve decision, and they urge clients to hedge against potential disappointments. "The market took a breather last week after the post-election rally, and we believe Nvidia's results will determine the near-term direction of the market," the team, which includes Gonzalo Assis and Kwon Oo-sung, said in a note to clients on Monday. Bank of America Securities strategists said that when Nvidia is scheduled to release its earnings on November 20, the implied volatility of the S & P 500 Index is in line with Nvidia's own implied volatility, indicating that the risk posed by the earnings is higher than the upcoming employment and inflation data or the Federal Reserve meeting.