Mid-Week Risk Check: NVDA Earnings Tonight—Tighten Stops, Eyes on the Minutes

Fresh quotes, updated stops, and every catalyst through next week’s AVGO print—review your bands before the bell.

MID-WEEK RISK CHECK · Wed 28 May 2025

---

Macro snapshot

• FOMC minutes print in two hours (14 :00 ET); Fed-funds futures now price two 2025 cuts.

• Nvidia (NVDA) earnings hit after the bell; options market implying ±11%.

• Risk gauge (vs. last week) 
  • VIX 19.0 (+0.7) • DXY 99.0 (-1.1) • US-10 yr 4.58 % (+15 bp) • BTC funding +0.01%

• Rotation note: Money is sliding from high-beta semis into AI hardware suppliers, cyber-security, and payments; crypto flow tilts toward RWA (ONDO) and modular-L1 names (AVAX, TON).