Traders Are Waiting For Powell

The market has been volatile the last month and that suggests a big reaction to the Jackson Hole speech Friday.

PRE-OPEN MARKET COMMENTS THURSDAY - In the last month the market sold off 10% and it rallied back. Buyers and sellers are active and they are waiting to see if the Fed Chairman confirms that economic conditions are soft enough to justify a quarter point rate cut in September. The market is searching for anything that it can latch on to. We are in a news vacuum and this news will drive the market tomorrow.

Daily Bulletin Continues...