Report published August 26, 2026
J.P. Morgan US Market Intelligence Afternoon Briefing – August 26, 2026
Source and citation context
- Issuer
- J.P. Morgan
- Report date
- August 26, 2026
- Analysis as of
- Not stated in source
Authors / editors: Andrew Tyler (Market Intelligence), Federico Manicardi (Market Intelligence), Ellen Wang (Market Intelligence), Victoria Campos (Market Intelligence), Joshua Meyers (TMT Spec Sales)
Finvaulta summarizes J.P. Morgan's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
J.P. Morgan US Market Intelligence remains tactically bullish on equities as solid earnings from NVDA and CRM provide a relief rally ahead of the Jackson Hole Symposium. Macro data showed steady Q2 GDP at 1.5% and in-line core PCE inflation, leaving rate expectations largely unchanged.
Key Takeaways
- 1.J.P. Morgan Market Intelligence maintains a Tactically Bullish view on US equities, advocating a barbell strategy across Tech (spreading into Mag7 and Software) and Cyclicals (Financials, Energy, Metals/Miners).
- 2.NVDA shares rallied +5% post-market after management guided for a 70% revenue increase in fiscal 2028, reversing an initial -3% post-earnings dip caused by a gross margin guide step-down to 74%.
- 3.US PCE data was in line with expectations while Q2 GDP was confirmed at 1.5%, keeping September FOMC hike expectations steady and supporting H2 growth acceleration expectations.
Table of Contents
- IDEAS & INSIGHTS – IN BRIEF
- AFTERNOON UPDATES (NEWS LINKS)
- CATALYSTS TOMORROW (FULL WEEK CALENDAR)
- JPM MARKET INTEL EQUITY & MACRO NARRATIVE
- TODAY
- MRVL (Aug 27 ~4:05pm ET, call 4:45pm) – Josh Meyers, TMT Spec Sales
- US MKT INTEL VIEW – We published below in the Aug 24, 2026 Morning Briefing
- NEWS LINKS
- WEEKLY ECONOMIC DATA / EARNINGS
- NEAR TERM CATALYSTS
- J.P. Morgan Global Market Intelligence Contacts
Report data
NVDA F2Q27 & F3Q27 Earnings and Guidance vs Survey & Consensus
| Metric | Estimate | Context |
|---|---|---|
| NVDA F2Q27 Revenue | 96.2 USD Billion | Actual revenue beat consensus of $91.8B and survey mean of $93.58B. |
| NVDA F3Q27 Revenue Guidance | 108.0 USD Billion | Company revenue guide of $108.0B compared to consensus of $103.80B. |
| US 10-Year Treasury Yield | 4.647% | Yields 2-3bp higher across the curve after slightly hawkish headline PCE. |
| US Q2 GDP Growth (Second Estimate) | 1.5% | Q2 revisions showed unrevised 1.5% GDP growth with higher consumption and inflation. |
| CBOE Volatility Index (VIX) | 15.21 points | VIX level at afternoon market close. |
Reports in this series
US Market Intelligence Afternoon Briefing is shown in chronological order through this edition, published on August 26, 2026.
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Authors / Editors
Reported Data Context
- NVDA F2Q27 Revenue: 96.2 USD Billion (F2Q27) · Source: Bloomberg
- NVDA F3Q27 Revenue Guidance: 108.0 USD Billion (F3Q27) · Source: Bloomberg
- US 10-Year Treasury Yield: 4.647 % (2026-08-26)
- US Q2 GDP Growth (Second Estimate): 1.5 % (Q2 2026)
- CBOE Volatility Index (VIX): 15.21 points (2026-08-26)