Mechmathi
2023-08-25

The market is sensitive to Powell and a hawkish tone could send the market downwards. Expect volatility and there is chance for the market to spring back up if his tone is dovish.

We may get some hint on where the interest rate is heading. Another hike would turn more away from stocks towards bonds.  

Powell speech in Jackson Hole: will market rebound or plunge?
Major indices rebounded ahead of Jackson hole meeting. Some investors are looking forward to dovish news from Powell speech; while others warn of another plunge as Powell may stay hawkish in light of strong economy. --------------- Do you think the market will rebound? Or the pessimistic expectations will open another down trend?
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