Investors reacted positively to Federal Reserve chairman Jay Powell’s speech from Jackson Hole on Thursday. Now we see if the buying carries over to Friday and next week…
In today’s video, we discuss current investing themes and news highlights, stocks and sectors we like, as well as the latest setups across stock market indices and asset classes. Here’s a recap:
– S&P 500 (SPY) Gains for 6th Day in a Row, While Nasdaq 100 (QQQ) Streak Ends at 5
– Long Bonds Get Hit Following Chairman Powell’s Speech
– The Relative Trend in Semiconductor Stocks Is Under Pressure
– Growth Versus Value Breaks Out But Is Extended
Stock Market Today Video – August 28, 2020
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
