Admin note – Both Mike and I are away over the next two days, so absent anything earth shattering in the market or at Powell’s Jackson Hold speech, there won’t be any content until next Monday.
Not much to add today. After three really solid days off last week’s low, today again features a continued bounce in the economic recovery theme. It has a feel of traders are trying to game any surprise comments from Fed Chair Powell’s Jackson Hole speech Friday. I really doubt there is anything ground breaking to come out of the meeting as it seems the Fed Chair would more likely announce something after a normal Fed meeting.
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