Bank of America Securities strategists expect that Nvidia's earnings report, scheduled for this Wednesday, will bring greater volatility than the upcoming non-farm payroll data, consumer price index, or Federal Reserve decisions. They urged clients to hedge against potential impacts in case the earnings report is disappointing. The team, including Gonzalo Asis and Quan Oucheng, stated in a report to clients on Monday: "The market took a breather last week after the post-election rally, and we believe Nvidia's earnings will determine the market's recent trend." Bank of America Securities strategists noted that when Nvidia is set to release its earnings on November 20, the implied volatility of the S&P 500 index aligns with Nvidia's own implied volatility, indicating that the risks from the earnings report are higher than the upcoming employment and inflation data or Federal Reserve meetings. (Jin Shi)