Will Jackson Hole prove tough for tech?

Published 1 month ago at 23 Aug 2022

Jerome Powell is under pressure at the Jackson Hole Symposium this week. After the last Fed meeting the Fed was perceived to have taken a ‘dovish pivot’ and that allowed the Nasdaq to move gradually higher. However, if Jerome Powell reaffirms a commitment to  bring inflation down, despite  slowing growth metrics, that can bring tech stocks sharply lower.  

Will Powell send a corrective message to markets and sink tech stocks?

The tech dominated Nasdaq has a seasonally weaker period ahead that could assist any falls. 
 
Major Trade Risks: 
 
The major risk is that Jerome Powell signals a more dovish approach from the Federal Reserve. 
 
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