💥 Countdown to Market Volatility

Tonight at 10 PM, the Jackson Hole annual conference begins, and Powell will deliver his last speech at the conference.

Jackson Hole is highly anticipated because it is a typical "policy barometer" and has a significant impact on the U.S. stock market.

Over the past 15 years, the pattern of the S&P 500 index in the week before and after the conference is as shown.

Of course, Powell's track record is also impressive:

In 2022, on the day of the speech, the three major U.S. stock indices fell by 3%-4% intraday.

In 2023, on the day before the speech, the Nasdaq index fell by 2%.

The interest rate cut in September and the market in the second half of the year depend on Master Powell.