Good morning,
Equity markets reversed their recent short term negative streak and struck a more positive tone last week. Federal Reserve Chair Jerome Powell spoke at Jackson Hole for the sixth time and never fails to capture the market’s attention – more info on the message and market reaction below. Whilst there are no official actions (indeed much happens outside the official meetings) few annual events are as influential to both bond and equity markets. The exclusive nature of the event adds to the allure, with only approximately 120 people attending. Perhaps economists really do know a little something about supply and demand.
As always, if you wish to discuss anything in this newsletter in further detail, please do get in touch.
