Fed chairman puts a bow on a bullish week

The Federal Reserve’s annual retreat took place in Jackson Hole this past week, culminating with Chairman Jerome Powell’s speech on Friday. The Federal Reserve’s annual retreat took place in Jackson Hole this past week, culminating with Chairman Jerome Powell’s speech on Friday.                                                                                                      The Federal Reserve’s annual retreat took place in Jackson Hole this past week, culminating with Chairman Jerome Powell’s speech on Friday.                                                                                                      [Header]( Fed Chairman Puts a Bow on a Bullish Week Dear reader, The Federal Reserve’s annual retreat took place in Jackson Hole this past week, culminating with Chairman Jerome Powell’s speech on Friday. He didn’t guarantee that the central bank would begin cutting interest rates in September, instead saying that “the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.” However, he did pave the way for cuts in the very near future – stating that “the time has come for policy to adjust.” Stocks were up slightly on the week heading into Friday’s speech, and they continued higher into the weekend. Now, the S&P 500 is about 1% below its all-time high less than three weeks after coming within 0.3% of a correction. [S&P] I don’t believe there’s any doubt that the Fed will lower rates at its next meeting on September 18. And according to FedWatch, there’s currently a 73% chance that we experience 100 basis points worth of cuts across the last three meetings of the year. The question now is how to invest in the meantime. It’s possible that we’re in for a “buy the rumor, sell the news” phenomenon… Could a September rate cut result in selling? Or will it be viewed as the beginning of a new era? A lot can happen between now and then. But the one thing I’m confident about is that stocks won’t go straight up into the end of the year. Either way, the path of least resistance is higher. I’ll leave you with that to begin your Saturday. Now, let’s recap everything we covered this week in Market Insights… Monday: A manufacturing renaissance is taking place in the United States. The amount of spending on the construction of new factories just hit its highest percentage of Gross Domestic Product (GDP) since 1979. [Click here to read A Manufacturing Renaissance is Taking Place in America.]( Tuesday: It’s widely accepted that in order for governments and large corporations around the world to reach net-zero carbon emissions, nuclear power must play a significant role in energy generation. What’s not agreed upon is the path we’ll take to get there. [Click here to read Germany is Making a Big Mistake With Nuclear Power…]( Wednesday: Whether you’re bullish or bearish on the stock market today is a topic we can always debate. What’s not worth debating is that broad volatility has been increasing over the past couple months – and it could continue to increase in the months ahead. [Click here to read Will the Stock Market Volatility Continue]( and catch up on the latest episode of the SteadyTrade Podcast. [STEP 13]( Thursday: Imre Gams has spent the last few weeks introducing you to his top-down stock market scoring system and explaining how it can help identify some of the best opportunities available today. Now, it’s signaling a good time to invest, which means it’s time to put it to work. [Click here to read Imre Gams’ Scoring System Just Signaled Positive Momentum.]( Friday: Last year was the hottest on record. This year, warm temperatures across the country have led to a higher usage of air conditioners to stay cool. All of this has resulted in rising utility bills, and it’s forcing Americans to cut back on other expenses. [Click here to read Soaring Electric Bills Are Hitting Home.]( Here’s to the future, [Matt McCall signature] Matt McCall Editor, Market Insights [Centurion Logo]( © Centurion Publishing 13809 Research Blvd, Suite 500, Austin, TX 78750 *Results are not typical. Past performance does not indicate future results. All investing carries risk. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. 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