“All eyes are on Powell’s widely anticipated 10 a.m. ET speech at the central bank’s annual symposium in Wyoming.”
Oh really, Mr. MSFM article? Really? All eyes are on Powell at Jackson Hole?
Click the image if you want to have the article harvest your eyeballs for an event that should be already factored by the markets, but appears to be an excuse for summer trading to churn and grind some more.
The market is already pretty sure what Powell’s going to say because the market has driven up the inflation trades and inflation indicators lately along with Treasury yields. What’s more, CME wiseguys are now favoring .75% at the September FOMC.
But let’s not let a good media event go to waste. Even though it is or should be already factored, “all eyes are on Powell’s” speech. Okay algos, black boxes and HFTs, run with it.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.