Friday's Final Takeaways: Consumer Pressure Persists as Warsh Tilts Hawkish

• Market digested Jackson Hole and Nvidia earnings, showing resilience despite hawkish Fed and sticky inflation.
• Nvidia rallied 1% for the week, helping lift the tech sector.
• Consumer sentiment is falling due to inflation and elevated mortgage rates, particularly for older and lower-to-mid income consumers.
• Next week's key events include the August Jobs Report and tech earnings from Broadcom, Dell, Palo Alto, HPE, Snowflake, and Zscaler.

The market showed resilience this week, digesting Jackson Hole and strong Nvidia earnings despite sticky inflation and a hawkish Fed. However, consumer sentiment remains pressured by inflation and high mortgage rates, highlighting a market bifurcation. Next week, attention shifts to the August Jobs Report and ongoing tech earnings.