The market is extremely bullish
The most important meeting for $SPDR S&P 500 ETF Trust(SPY)$ is on Aug 21-23 at Jackson Hole. The market is extremely bullish:
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1. JPOW is expected to HINT he will cut rates sometime in September (data looks good and he has room to cut)
2. JPOW execpted to provide CLARITY and certainty
3. Weaker labor market will support a rate cut
4. Lowering interest rates will increase spending
5. SPY wants a rate cut at ALL TIME HIGHS
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