Fed's soft touch sparked a broad rally, and our rare earth plays felt the love just in time for Nvidia's reckoning

Evening brief: Fed's soft touch sparked a broad rally, and our rare earth plays felt the love just in time for Nvidia's reckoning

Fed Rate Cut Hopes Drive Broad Market Rally: Dovish expectations ahead of the Jackson Hole symposium rallied equities as traders priced in near-term monetary easing. HOOD Surges 13.70% on Wall Street Upgrades: Robinhood jumped 13.70% after Goldman Sachs raised its target to $123 amid surging Bitcoin prices and private-market expansion. USAR Jumps 12.57% on DOE Minerals Grant: USA Rare Earth surged 12.57% as fresh Department of Energy critical mineral grants and domestic supply mandates boosted buying interest. MP Gains 9.10% on Rare Earth Momentum: MP Materials climbed 9.10% following a Morgan Stanley price target upgrade to $73 and accelerating domestic magnet supply contracts. NVDA and CRM Earnings Head Next Week's Slate: Investors prepare for high-stakes earnings from Nvidia and Salesforce on Wednesday to test the market's AI momentum and rally strength.

Fed Rate Cut Hopes Drive Broad Market Rally

Dovish expectations ahead of the Jackson Hole symposium rallied equities as traders priced in near-term monetary easing.

HOOD Surges 13.70% on Wall Street Upgrades

Robinhood jumped 13.70% after Goldman Sachs raised its target to $123 amid surging Bitcoin prices and private-market expansion.

USAR Jumps 12.57% on DOE Minerals Grant

USA Rare Earth surged 12.57% as fresh Department of Energy critical mineral grants and domestic supply mandates boosted buying interest.

MP Gains 9.10% on Rare Earth Momentum

MP Materials climbed 9.10% following a Morgan Stanley price target upgrade to $73 and accelerating domestic magnet supply contracts.

NVDA and CRM Earnings Head Next Week's Slate

Investors prepare for high-stakes earnings from Nvidia and Salesforce on Wednesday to test the market's AI momentum and rally strength.

Posture: With Fear & Greed at 55 (Greed) and rate cut hopes building, we maintain a cautious growth posture ahead of key AI earnings.

Tickers in focus: SPY, MP, NVDA

Upcoming earnings

• CRM — 2026-08-26, After Market Close
• NVDA — 2026-08-26, After Market Close
• IREN — 2026-08-27, After Market Close
• MRVL — 2026-08-27, TBD
• WDAY — 2026-08-27, After Market Close
• AVGO — 2026-09-02, After Market Close

The day's moves on the ledger

Every entry below is public and permanent. "Human call" means the desk decided; "Robot call" means the nightly model did.

• Aug 23, 2026 · CCJ — Sold @ $103 +5.3% (cut) · Robot call
  CCJ revenue contracted 7.2% YoY with lumpy deliveries and rich 176x PE, making room for higher-conviction AI infrastructure exposure in ANET.
• Aug 23, 2026 · ANET — Stage change — → Buy Zone @ $189 · Robot call
  Added to lead enterprise AI Ethernet networking; strong hyperscaler cluster deployment earns immediate buy-zone status.
• Aug 23, 2026 · ANET — Added to universe @ $189 · Robot call
  Arista Networks dominates enterprise AI cluster networking, offering prime exposure to high-speed data center switching growth.
• Aug 23, 2026 · LLY — Dropped @ $1,255 · Robot call
  Target hit with upside compressed to just +2.2%, clearing a rotatable bench slot for higher-upside AI ideas.
• Aug 23, 2026 · PAAS — Stage change Buy Zone → Hold @ $53.07 · Human call
  Silver ripped and took us +10% in five days — with 19% left to our value the easy entry is gone. Same playbook as CCJ: hold the winner, stop adding.