To The Moon

The Jackson Hole symposium is an annual meeting for central bankers. Market is awaiting Powell’s speech at Jackson Hole meeting on Friday. Since 2022, it has consistently triggered volatility in $S&P 500(.SPX)$ . Typically, the index drops around the event before bouncing back. Each year it dips, then rebound 2022 Powell went full hawk → S&P dropped -3% in a day 2023 Still tough on inflation → markets slipped 2024 Even with a dovish tone → market still dipped Unlike the recent market pullback, investors are very optimistic about a rate cut in September. Although the July CPI report contained some concerning details, overall it was relatively mild, reinforcing traders’ belief that the Fed will lower interest rates in the coming months. Some have even started betting on a large cut, such as a 50-basis-point drop at once. However, the CME FedWatch tool currently shows an 81% probability of a 25-basis-point cut. Sector rotation has also returned to the table recently. Over the past week, investors have shifted toward previously overlooked, undervalued sectors that would benefit from lower rates, including residential construction and small-cap stocks, driving strong rebounds in these areas. If the market drops after Powell’s speech this week, could it be a good buying opportunity? Will the 2025 scenario repeat? Will the market close lower on Friday? REWARDS All valid comments will receive 5 Tiger Coins (5-50 coins; depend on comment quality; lucky tiger can get 66 coins) Tag your friends to win another 5 Tiger Coins Event detail to click: Cha-ching! Tap Coins, Voucher Spin 💸 Hear the Rewards Go Ding!