📈 Powell Opens the Door: Markets Surge on Dovish Fed Signal

🗣️ What Happened?

💬 Fed Chair Jerome Powell at Jackson Hole hinted at a September rate cut, saying:

"The baseline outlook & risks may warrant adjusting our stance."

👉 Translation: Cheaper money might be coming!

🔥 Market Reaction

🚀 US Stocks Ripped Higher on Friday!

✅ Opendoor (OPEN) ➡️ +39% 🏠

✅ Coinbase (COIN) ➡️ +6.5%

✅ Robinhood (HOOD) ➡️ +2.8%

✅ MicroStrategy (MSTR) ➡️ +6%

💰 Crypto on Fire

✨ Ethereum (ETH) 🔼 +14%

✨ Bitcoin (BTC) 🔼 +4%

✨ Solana (SOL) 🔼 +10%

✨ XRP 🔼 +7%

📉 BTC Price: $114,777 (-0.23%)

📊 Key Takeaways

✅ Risk-On Mode: Meme stocks & crypto led the rally.

✅ Small Caps Shine: Russell 2000 surged.

✅ Rally broadening beyond Big Tech after AI-fueled hype.

⚠️ But beware: Speculative names & unprofitable tech are pumping again (aka “junk rally”).

🏦 Why It Matters

Lower rates = cheaper borrowing, higher liquidity, and a boost to risk assets.

Wall Street is betting the Fed cuts in September.

#Powell #Markets #Stocks #Crypto #ETH #BTC $OPEN $COIN $ $ETH $BTC $SOL