«Cue the Spooky Music.»
On Friday at 10 AM EST, Federal Reserve Chairman Jerome Powell will speak at the Jackson Hole Economic Symposium.
Bears say he will be more hawkish than expected and remind investors that higher rates are coming down the pike. Prepare for cold water to be tossed on the monster rally stocks just had.
Bulls say he won’t tell us anything we didn’t already know and that future rate hikes are already baked into the cake.
It’s impossible to know the market reaction ahead of time, but one thing is sure: volatility is on the horizon. Intelligent investors should check positions and gauge exposure to ensure they’re not too exposed if stocks get smacked.
Don’t go into the event flying blind. Be prepared by laying out plans for your positions if you haven’t already.
Video Of The Day: Understanding Market Volume
In this video clip, Coach Tyler Craig explains precisely what volume is in the #stockmarket and how to interpret it.
Chart of the Day: Market odds for Rate Hike
Here are market expectations heading into Jackson Hole. Investors are baking in a 60% chance of a 75 basis point hike and a 40% chance of a 50 basis point hike. Let’s see how this changes following Powell’s comments.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cashflow Club 8:30 PM EST
Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
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