The final trading week of August kicks off Monday, with all the major indices on track to finish the month with losses. The Dow and S&P have slumped 3.4% and 4%, respectively, since the start of the month, while the Nasdaq lost about 5.3%. Head & shoulders, knees & toes? Speaking Friday at the annual central bank conference in Jackson Hole, Wyoming, Powell pointed to some signs of continued economic growth and strong consumer spending, but indicated that the central bank would “proceed carefully” with additional hikes. “Although inflation has moved down from its peak — a welcome development — it remains too high,” Powell said in prepared remarks. “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident

I hope market go to new high

The question on everyone's mind in the financial world is whether the market will rebound or make a new low. As we dissect the latest insights from the Jackson Hole meeting, it becomes apparent that the direction is not just a matter of speculation but grounded in analysis and trends. From my vantage point, the balance seems to tilt towards a market rebound. One key factor in this assessment is the containment of inflation. The deliberate steps taken to control inflation indicate that there's no pressing need to further increase rates. Opting to maintain the existing rates proves to be a sensible strategy, given the potential impact of a rate hike on economic growth and investor sentiment. Moreover, the Fed's aim of orchestrating a soft landing signals its preference for stability. This po

Key Highlights from Fed Chair – Jackson Hole Economic SymposiumThe venue, Jackson Hole providing a serene environment for focused discussions with the symbolic significance of retreating from the noise of financial markets to discuss broader economic issues. The primary purpose of the symposium is to bring together central bankers, financial experts, academics, and policymakers from around the world to discuss important economic and financial issues. The symposium serves as a platform for participants to exchange ideas, share research findings, and engage in discussions about current and future challenges facing the global economy.Following the transcript’s highlight:Although inflation has moved down from its peak—a welcome development—it remains too high. We are prepared to raise rates fu

Recently, the upward trend of the US stock market is subject to the ever-increasing expectation of high interest rates, showing a high downward trend. Last week, due to the resilience of US macro data, strong job market data, and the hawkish influence of the minutes of the Federal Reserve's monetary policy meeting, the 10-year US bond yield continued to rise, the risk appetite weakened, and the three major US stock indexes collectively entered into correction , while the the US Dollar Index fluctuated upward.In fact,it was not only US stocks that felled, but also MSCI Global Market Index closed down across the board, among which MSCI Asia (except Japan), Asia-Pacific region (except Japan), BRIC countries and Asia were among the top losers.US Treasury bond yields have climbed to a new highL

Signs that point me to a bullish SPY 1. Good support at 432 and 420 ==> 432 was a key resistance level past months and should not provide a good support; Similarly we took quite a while to break past 420 so the liquidity there will provide good support  2. MA5 yellow is basing past week and is coming close to MA20 for a potential cross over. ==> MA5 above MA20 is a bullish indicator  3. Lower bollinger band has also started to taper horizontally ==> indicating some form of basing or potential upcoming basing  4. MA20 green had been tested 2x so far and a better base had been formed past week around MA5 What to look out for?  - Support of 432 but keenly looking for re-testing of MA20 at the last breakout level of 444.  - Price action around MA5 Good

Thanks to Tiger for awarding the weekly top predictions for SPY again! Managed to secure 77% gain on Friday without a red day this week 🙏 The annual Fed conference unveiled a mix of hawkish and dovish insights from the Federal Reserve, ultimately providing a reassuring tone to investors. At first, the Fed Chair Jerome Powell‘s statements carried significant weight to cause a dip in the market. Despite underlining the Fed’s commitment to raise rates further if necessary, Powell also remarked that it will proceed carefully and base decisions on data-driven assessments. From Powell’s more hawkish tone, indicating the readiness to further hike rates if circumstances dictate, divergent sentiments emerged from other Fed officials. Philadelphia Fed President Patrick Harker‘s message exuded cauti

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.  

Nvda will be bullish

At the Jackson Hole conference, I'm keeping it brief.  Our main goal now is to get inflation back to 2%. Without stable prices, the economy's a mess. We're gonna have to endure some slower growth and higher rates, but it's worth it. The economy's slowing down from its 2021 high, but we're still strong. The labor market's doing great, but there's an imbalance. Inflation's high, and even though July looked better, we need more proof it's dropping. We're tightening up our policy to fix inflation. Raised the target rates recently and might do it again. We know it might hurt, but not fixing this would hurt more. Economy's got momentum, but we're cautious. We're learning from the past, making sure inflation stays low. Expectations matter. If folks think high inflation's here to stay, it'll

Plunge .. Aug and sept is market to go down

ITS CALLED SEPTEMBEAR FOR A REASON, im a bear so good luck to all of you. Papa powell gonna say smth that will plunge the market, just watch 

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.  

Optimist 💵📈 Don't worry about the news - The genius investor makes money whether the market is up or down.

Big-Tech’s PerformanceIn the past week, NVIDIA, as a leader in the AI domain, once again released impressive financial reports, elevating investor sentiment. However, the continuous rise in US Treasury yields and concerns over Jackson Hole central bank symposium led by Jerome Powell's Federal Reserve caused considerable market volatility.As of the closing on August 17th, the standout performers of the week were $NVIDIA Corp(NVDA)$ surging by +7.26%, and $Tesla Motors(TSLA)$ , experiencing a modest rebound of 1.76%. The rest experienced declines, including $Alphabet(GOOG)$ with a slight dip of -0.02%, $Microsoft(MSFT)$ do

Likely he will maintain the stance that the committee will continue to look at the upcoming data to determine future rate hikes. Anything more hawkish the Market probably will have more leg downwards

Many expect a circumspect Fed Chair Jerome Powell when he makes a speech from Jackson Hole, Wyoming on Friday morning.“I just think he’s going to play it about as down the middle as possible,” said Joseph LaVorgna, chief economist at SMBC Nikko Securities America. “He doesn’t want to get himself boxed into a corner one way or another.”Markets Thursday braced for an unpleasant surprise, with stocks selling off and Treasury yields climbing.While the temptation for the Fed now might be to signal it has largely won the inflation war, many market participants think that would be unwise.Win Mcnamee | Getty Images News | Getty ImagesFederal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, DC. Powell testified on the Federal Res

In recent times, several American retailers have reported financial results below expectations, leading to significant drops in their stock prices. One common reason attributed to this phenomenon is "zero-dollar shopping." However, this term goes beyond mere promotional activities by businesses or "Buy Now, Pay Later" (BNPL) schemes; it refers to outright "robbery" or "theft."Indeed, during the pandemic period, such behavior emerged in various parts of the United States. Surveillance videos uploaded online during that time depicted groups of American youths gathering on the streets. Employing a "flash mob" approach, they kicked the glass doors of convenience stores, swiftly shattered the glass, and rushed in to loot all the merchandise.Retailers mentioning this concern include