Investors seem to be fretting over the potential for market horrors to unfold over the weekend involving unexpected headlines from the G7 summit or the Jackson Hole. Add to this the Friday options expiration plays and we have got a recipe for chaotic and inexplicable moves today, especially during the afternoon session. The yield curve could still be another curve ball (no pun intended).
Read below for our models' trading plans for the day. Good luck with your trading and/or trading education!
#ES #ESMINI #SP500 #SPX #SPY #Fed #China #Yuan #Yields #Rates #Tariffs #Tradewar #recession #Fed #G7 #JacksonHole
We might have seen an interim low for now. Could be a bit of a recovery from here until Powell speaks at Jackson Hole at 2pm EST. What happens after that...depends on what he says and how markets take/interpret it. The Trump -Xi drama is another curve ball to deal with.
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