We see this selloff as likely ending at or before Fed Chairs speech at Jackson Hole on 8/25

The video in this report is only accessible to members
The video in this report is only accessible to members

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We discuss: Why stocks risk/reward has shifted positively this week.  The key will be the direction of interest rates (10Y) but we see positive catalysts emerging at the end of this week with NVDA results and Fed Chair Powell's speech at Jackson Hole.

Please click below to view today’s Macro Minute (Duration: 4:01).

The video in this report is only accessible to members
The video in this report is only accessible to members

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The S&P 500 is down -5% since the start of the month, and over the past week or two, new concerns have emerged in the market. Among these are the stalling growth in China and the surge in US 10-yr yields and to a very secondary extent, Fitch downgraded the USA sovereign rating. The fact that the McClellan Oscillator fell into severe oversold with a -50 reading shows this has been a high velocity decline, and coupled with above concerns, have emboldened the bears and skeptics.

Could this sell-off turn into a bigger rout? Maybe, but we think probabilities favor equities bottoming at or before Fed Chair Powell's speech at Jackson Hole this coming Friday (8/25) at 10:05am.

Over our many conversations with institutional investors in the past week, th...

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