Powell’s Jackson Hole Speech Fires Up Risky Assets

"When I was young, a teacher had forbidden me to say 'more perfect' because she said if a thing is perfect it can't be more so. But by now I had seen enough of life to have regained my confidence in it." ― Norman Maclean, A River Runs Through It and Other Stories

Good evening, 

Sleepy stocks got a much-needed adrenaline boost at the end of the week when Federal Reserve Chair Jerome Powell greenlit the idea of interest-rate cuts as soon as September. 

The S&P 500 added 1.5% ...

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