Live Recap 4: Fed Policy, Jackson Hole, and What Comes Next — Q&A Highlights

1.Live Review Introduction

Review Live>>

Tiger Brokers livestream hosted by Vyann,featuring Selena Han, former $Cboe Global Markets, Inc(CBOE)$ economist and founder of Han Insights. With 8 years of experience at CBOE, the largest US equity options exchange, Selena served as the exchange’s first dedicated economist, translating raw market data into actionable insights for regulators and all tiers of market participants. Her research spans US equities, derivatives, volatility dynamics, macro trends and AI sector investment logic.

Closing out the session, Selina connected the macro dots — FOMC, CPI, payrolls, and the upcoming Jackson Hole Symposium — and took audience questions on AI valuations, sector rotation, and where to watch next.

Disclaimer: This broadcast has not been reviewed by MAS. The views expressed are the speaker's own and not those of Tiger Brokers. This session is strictly for educational purposes and is not financial advice. Investing involves risk, and past performance does not guarantee future results.

2.How Fed Signals Moved the S&P 500

Interest rates function as the discount rate behind stock valuations, which is why FOMC, payrolls, and CPI dates matter so much for price action. The S&P 500 gained +4.2% from Jun 20–Jul 29 (pre-FOMC), then fell -6.3% from Jul 29–Aug 12 as the market priced fewer near-term cuts, before bouncing +3.6% from Aug 12–Aug 18 as cooling CPI revived easing expectations. Net change from Jun 20–Aug 18: -1.1%.

3.What to Watch Next: Jackson Hole

The Jackson Hole Economic Policy Symposium (Aug 27–29, 2026, theme: "Financial Innovation: Implications for Payments and Policy") isn't an FOMC meeting and carries no rate decision — but it's a key opportunity for the Fed to shape expectations ahead of the Sept 15–16 FOMC meeting and its updated dot plot. Three things to watch: whether the Fed's tone stays inflation-focused or shifts toward growth/employment, signals on the path toward September, and any commentary on payment technology and financial stability.

4.The Bigger Picture for Investors

Three forces are in play simultaneously: whether AI earnings keep driving growth, whether the economy cools without tipping into recession, and how quickly the Fed can ease policy. Strong AI + a cooling economy + easier Fed policy would be broadly supportive for growth stocks; sticky inflation + higher-for-longer rates + already-elevated AI valuations would risk another valuation reset. The AI story itself remains fundamentally strong — the open question is whether the macro backdrop lets those fundamentals show up in higher equity valuations.

5.Q&A Highlights

Selected audience questions from the session:

• Where did the money rotate to during the pullback, and what sector to follow now? Selina noted a real-time example: $Alphabet(GOOG)$'s own CapEx breakdown showed roughly 24% allocated to data centers — yet data-center-linked stocks have lagged recently even after the Situational Awareness event passed, partly due to state-level pushback over data centers' water and electricity usage. Rotation has been fast and news-driven rather than settled into one clear destination.

• Is $Meta Platforms, Inc.(META)$'s advertising upside already priced in? Selina said it's hard to know for certain — pricing could still improve, ad frequency/volume could still grow, and a better macro backdrop (lower rates, stronger payrolls) would help both Meta and the advertisers who pay it.

• Is this an AI bubble? Selina's view: it's too early to call it a bubble — chip makers, memory makers, data centers and power companies haven't finished fulfilling existing demand yet. The more useful framing is picking winners and losers within the AI buildout (as happened in the dot-com era), or diversifying via ETFs rather than concentrating into single names.

• Can Alexa catch up as an AI product? Still early-stage per the dashard ratings — real potential given Amazon's AI infrastructure strength, but no clear signal yet that the experience has meaningfully improved.

• Any stocks to avoid, or sectors that look overvalued? Selina declined to give specific calls (not financial advice) but cautioned against chasing names that have already run up sharply — pointing to the general risk of buying at a local peak rather than any single ticker.

Closing Takeaway

The AI investment story remains fundamentally intact heading into September — earnings support it, and Big Tech's own CapEx plans support it. What's genuinely uncertain is the macro path: whether the Fed's tone at Jackson Hole and the September FOMC decision let those fundamentals translate into higher valuations, or whether sticky inflation and elevated positioning set up another reset.

6.Risk Reminder

Macro-driven volatility can move growth and AI-related stocks sharply in either direction. Market participants without sufficient foundational knowledge are advised to complete education modules before initiating live positions.

7.Post-Event Resources

Viewers can access further insights via Han Insights' official website, haninsights.com. You can also follow Selina Han on LinkedIn (search: Selina Han) or via Tothemoon as Selina_Han_Insights. The full livestream replay is available on the Tiger Trade app.

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