It's a trap, prolly the last few weeks of bull run, bigger correction is coming.
Jerome Powell's Jackson Hole Speech Could Rally Stocks Around a Soft Landing - but Messaging Is Key
Investors want to know if the 'pain to households and businesses' from Powell's 2022 speech still lurks on the horizon. Stocks were taking a breather on Thursday, a day ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech at the annual Jackson Hole Economic Symposium in Wyoming.While a repeat of Powell's brief, blunt remarks two years ago that sparked upheaval in financial markets isn't expected, investors remain on edge about what degree of "pain to households and businesses" from his 2022 speech might still might lurk on the horizon."It's a bit of a myth that the market is solely trading off expectations for Fed rate cuts," said Kevin Gordon, a senior investment strategist at Charles Schwab, in an interview on Thursday.Clearly, a lot still hinges on chip maker Nvidia Corp.'s quarterly results due next week, Adam noted. Yet he also expects more companies to benefit from a slowing albeit still growing U.S. economy. "It looks like a soft landing, on the back of infl
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet