Bank of America Securities strategists expect that the next oneNon-farm payrolls dataCompared to the Consumer Price Index, or the Federal Reserve's decisions, Nvidia's earnings report to be released this Wednesday will cause greater volatility. They urged clients to hedge against potential impacts to prevent disappointing earnings results. The team, which includes Gonzalo Assis and Kwon Ou-sung, said in a report to clients on Monday: “The market took a breather last week after the post-election rally. We believe Nvidia's earnings report will determine the recent trend of the market.” Bank of America Securities strategists said that when Nvidia is scheduled to release earnings reports on November 20, the S&P 500 index'sImplied VolatilityIt is in line with Nvidia's own implied volatility, which indicates that the financial report poses a higher risk than upcoming employment and inflation data or the Federal Reserve meeting.