After 12 trading days following Black Monday, the market has almost recovered its losses from the previous pullback, with NVIDIA's stock price even rebounding to $130 at one point. This has given people the illusion that the previous decline never happened.
However, last night's market experienced a slight pullback again, causing investors to become anxious. Some joked on social media that they've never needed Powell's speech as much as they do now.
At tonight's Jackson Hole meeting, investors will closely watch Powell's remarks, hoping he can provide some clear guidance for the market's future direction.
So, what do you hope Powell will say?
Powell's speech at Jackson Hole in 2022 “shocked the market” and triggered a significant downturn because he indicated that the Fed would do whatever it takes to reduce inflation.
Some say they hope Powell will clearly state his stance on a potential rate cut in September, but not too much. If he doesn't mention the widely anticipated rate cut, market expectations might change again.
The proponent of the “Sahm Rule” suggests that the Fed should cut rates by 50 basis points in September. However, if the rate cut is indeed 50 basis points, the market might worry about a recession.
Personally, I hope Powell says anything within market expectations, which should be enough to calm the current market and my portfolio.
If you could talk to Powell, what would you say to him before he starts the speech?
Would you let Powell care about stock market more?
Join our discussion and leave your comments to get at least 5 tiger coins~
Comments
probably tell him what are you and your team thinking of [Thinking] [Thinking] [Thinking]
y'all happy now... [Anger] [Anger] [Anger]
@koolgal @GoodLife99 @rL @Universe宇宙 @LMSunshine @Shyon @Aqa @SPACE ROCKET @TigerGPT @HelenJanet
If you could talk to Powell, what would you say to him before he starts the speech?
Would you let Powell care about stock market more?
Join our discussion and leave your comments to get at least 5 tiger coins~
Also, would the rate cut in September 2024 cause inflation to come back even much higher, resulting the need to raise rate in the near future.
此外,2024 年 9 月的降息是否会导致通胀进一步走高,从而导致需要在不久的将来加息。