Stocks Stall Ahead of Jackson Hole

Aug 22

August 22, 2024

MRKT Matrix - Thursday, August 22nd

Stocks slide as traders brace for big Powell speech, Treasury yields rise (CNBC)
Fed’s reliance on monthly data might end up hurting stocks, Tom Lee says (CNBC)
Quantitative Tightening Goes Global for the First Time, in Test for Markets (Bloomberg)
How Taylor Swift Fans Broke Economics (WSJ)
US Shippers Brace for Port Strain as Canada Railways Shut Down (Bloomberg)
Free Whopper? Walmart+ Offers Cheap Burger King as It Chases Amazon Prime (WSJ)
Tech industry taps old power stations to expand AI infrastructure (FT)

Stocks Rally As Powell Signals Rate Cuts