Jackson Hole "Classic" Dip and Rally — Opportunity Tonight?
Wall Street will be listening closely to Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
Since 2022 Jackson Hole has been a guaranteed volatility event for the S&P 500 Each year it we dip Then usually rebound 2022 Powell went full hawk → S&P dropped -3% in a day 2023 Still tough on inflation → markets slipped after 2024 Even with a dovish tone → market still dipped.
What to focus on Jackson hole?
Classic dip-rally pattern? Opportunity tonight?