Jerome Powell is under pressure at the Jackson Hole Symposium this week. After the last Fed meeting, the Fed was perceived to have taken a ‘dovish pivot’ and that allowed the Nasdaq to move gradually higher. However, if Jerome Powell reaffirms a commitment to bring inflation down, despite slowing growth metrics, that can bring tech stocks sharply lower. Will Powell send a corrective message to markets and sink tech stocks?

The tech-dominated Nasdaq has a seasonally weaker period ahead that could assist any falls.

Major Trade Risks: The major risk is that Jerome Powell signals a more dovish approach from the Federal Reserve.

HYCM clients can access the Seasonax product in order to analyse over 25,000 currency pairs, indices, commodities, as well as individual stocks. Please contact your account manager for a free trial. Certain products & services mentioned herein may or may not be available to all clients depending on which HYCM Capital Markets Group entity their trading account(s) adheres to.