Daily Rundown
- Chief Strategist, Bryan Jordan CFA
- 2 days ago
- 2 min read
August 27, 2026
Chart of the Day
Number of the Day
70.0
NVIDIA’s expectation for revenue growth in the next fiscal year, after an anticipated 84.0 percent increase in the current fiscal year
Quote of the Day
“Incredibly, we are seeing demand acceleration even at our scale. Customers’ forecasts point to our growth doubling next year.”
NVIDIA CFO Colette Kress
Wednesday’s Highlights
Real disposable income (July) rose by 0.4 percent, the fastest pace in six months.
Real personal spending (July) was unchanged, pushing the saving rate up to 3.0 percent.
Real GDP (Q2) was left unrevised at a 1.5 percent annualized growth rate.
Durable goods orders (July) jumped by 1.1 percent. Core capital goods orders rose 0.2 percent.
Mortgage purchase applications (week of 8/15) slipped by 0.3 percent. Rates were little changed.
NVIDIA revenue (May-July) soared by 105.9 percent year-over-year.
Quick Commentary
The AI economy is still growing at a breakneck pace, which means that there is likely still some runway for the expansion at large as well as some potentially significant upside for risk assets. The turn, when it finally comes, is shaping up to be sharp, however, as the broader economy continues to expand at a tepid pace while some long-festering imbalances continue to build (a low personal saving rate, a lofty public sector debt burden, etc.). In addition, the booming increases in capex will at some point give way to sizeable declines, in line with the trend in the late 1990s and early 2000s. The near-term tailwinds are still picking up speed, but they are also increasing the scope for a deeper downturn once they start to flag.
Today’s Highlights
Unemployment claims
Goods trade balance
Daily Trivia
Due to its lack of high-occupancy, multistory buildings, which U.S. state has only two sets of functioning escalators within its borders?
(Wednesday’s Question: What island territory is known for using striking colors, such as turquoise and pink/purple, on its banknotes as a representation of its flora and fauna? Answer: Bermuda)