Morning Bid: Calm returns ahead of Nvidia and data drops

Market Overview - Wall Street is expected to stabilize after last week's fluctuations in the tech sector, with Nvidia's earnings report anticipated on Wednesday [1] - Nasdaq futures have increased by approximately 0.6% following a significant bounce on Friday, while Bitcoin has experienced a decline, reaching its lowest point since April and down 26% from last month's peak [2] Technology Sector Insights - There are reports of extensive hedging of AI equity positions through the purchase of credit default swaps for indebted tech companies like Oracle and CoreWeave, indicating rising leverage and caution among equity investors [3] - Chip stocks in Asia received a boost as Samsung Electronics raised prices of certain memory chips by up to 60% due to a global shortage driven by the demand for AI data centers [4] Economic Data and Federal Reserve - The focus for the week will be on the return of U.S. economic data, with the September payrolls report expected to be solid but potentially outdated for influencing market or policy decisions [5] - The Federal Reserve's stance remains hawkish, with only a 40% chance of another interest rate cut next month, and a quarter-point cut not fully priced in until March [6] - New York Fed President John Williams held discussions with Wall Street banks regarding a short-term lending facility, emphasizing the importance of the standing repo facility for monetary policy [7]