Jackson Hole History Suggests...

[tsptalk]

Jackson Hole History Suggests Market Calm to Follow Powell’s Debut

By Zoe Schneeweiss and James Hirai
August 23, 2018, 6:03 AM MDT

- Cornerstone study finds limited reaction by stocks, bonds
- Exception was 2011 when Bernanke fleshed out Operation Twist

Federal Reserve Chairman Jerome Powell’s debut address to the Wyoming gathering of central bankers this week will do little to shake financial markets if history is any guide.

That’s according to analysts at Cornerstone Macro LLC, who reviewed the reaction of investors to past gatherings in Jackson Hole.

https://www.bloomberg.com/news/arti...ions-to-jackson-hole-signals-post-powell-calm

 

[RealMoneyIssues]

Why do we need to worry about the Fed shaking the market, every presidential fart is causing problems...

 

[tsptalk]

I don't know, the market seems to be be shrugging off most of that so far. Just look at where the indices are after all this week's turmoil. Impeachment may be a different story, but right now trade talk is having more of an impact, and any hint of the Fed balking in rates could really get things moving.