Trading the major week ahead: The Investment Committee's strategy

Watch on YouTube ↗  |  August 21, 2026 at 20:21  |  11:10  |  CNBC
Speakers
Amy Raskin — Managing Director, JP Morgan
Jenny Harrington — CEO, Gilman Hill Asset Management
Josh Brown — CEO, Ritholtz Wealth Management

Summary

The Investment Committee debates whether next week's Nvidia earnings and Fed Chair Kevin Warsh's Jackson Hole speech will drive markets. Rob Sitch calls Nvidia a safe bet, while Amy Raskin is focused on the stock's reaction to strong numbers. Jenny Harrington argues next week is largely a non-event and equities will end higher on predetermined earnings growth. Josh Brown counters that Nvidia's guidance will move a broad set of AI-exposed large-cap stocks.

  • Nvidia earnings are due Wednesday and the Fed Chair speaks Friday.
  • Rob Sitch expects another strong Nvidia report and calls the stock a safe bet.
  • Amy Raskin expects great Nvidia numbers but says the stock reaction reveals investor positioning.
  • Jenny Harrington says next week is not a market determinant and the S&P 500 may end near 8000.
  • Josh Brown calls Jensen Huang the 'AI Fed chair' and says Nvidia guidance will move many AI-related large caps.
  • Josh Brown names Dell, HPE, Arista, Marvell, Broadcom, Micron, AMD, GE Vernova, Eaton and Vertiv as exposed to the Nvidia call.
  • Fed discussion centers on Kevin Warsh's hawkish tone and the 2% inflation target.
Ideas
Rob Sitch 2:16
Nvidia is safe bet into earnings.
She expects Nvidia to post great results and is not in the camp looking for disappointment, but thinks the stock's reaction to the print will be more informative than the numbers because it reveals how optimistic and positioned investors already are.
NVDA HIGH
Jenny Harrington CEO, Gilman Hill Asset Management 5:45
Market ends higher on strong earnings.
Next week's events are not a market determinant because earnings are doing the work; this year's equity gains are driven by spectacular earnings growth that is already predetermined, and she expects the market to end higher, potentially around 8000, once Q3 earnings arrive.
SPY MED
Josh Brown CEO, Ritholtz Wealth Management 8:45
Nvidia call moves many AI stocks.
Nvidia's guidance is the key AI macro event: Jensen Huang acts as the 'AI Fed chair,' and what Nvidia says about 2027 and 2028 will cause dozens of hundred-billion-dollar AI-exposed large caps to trade up or down; confirming tone is enough after this year's multiple contraction. He names Dell, HPE, Arista Networks, Marvell, Broadcom, Micron, AMD, GE Vernova, Eaton and Vertiv as vulnerable to the Nvidia call.
HPE AVGO ANET MRVL MU AMD VRT GEV ETN DELL HIGH
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This CNBC video, published August 21, 2026, features Rob Sitch, Jenny Harrington, Josh Brown discussing NVDA, SPY, HPE, AVGO, ANET, MRVL, MU, AMD, VRT, GEV, ETN, DELL. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rob Sitch, Jenny Harrington, Josh Brown  · Tickers: NVDA, SPY, HPE, AVGO, ANET, MRVL, MU, AMD, VRT, GEV, ETN, DELL