Investors are eagerly awaiting Federal Reserve Chairman Powell’s speech at Jackson Hole.
The S&P 500 NYSEARCA: SPY and other major indices should move on his comments. So careful “trading” today’s action.
In today’s video, we highlight key price levels on the major stock market indices, sectors and assets we like, as well as what may come out of the Jackson Hole meetings. Here’s a recap:
S&P 500 chops to a flat close ahead of Powell’s “Jackson Hole” speech.
Risk themes improve on the week.
Telecom is a weak group; CSCO is a weak stock.
Stock Market Today Video – August 23, 2019
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.
