All Eyes on Jackson Hole This Week (Especially Powell at 10 a.m. On Friday)

Jackson Hole takes center stage as markets seek policy signals

Highlights

• Jackson Hole takes center stage as markets seek policy signals

• European assets offer good value amid structural policy shifts

• Chinese stock market is pricing more optimism on stimulus outlook

• Credit spreads reach unsustainable levels

Key Takeaways

• Markets Eye Jackson Hole in a Light Data Week: In a light week for U.S. data, all eyes will be on the various retailer earnings reports and the Fed’s Jackson Hole Symposium — especially Jay Powell’s speech at 10 a.m. ET on Friday, which could well be a market-mover, seeing as futures are pricing in over 80% odds of a September rate cut.