Jackson Hole Jolt | LPL Market Signals
LPL Research react to the Federal Reserve’s (Fed) hawkish message at Jackson Hole. They also recap second quarter earnings season, make the bullish case for the energy sector, and preview Friday’s jobs report.
Chapters:
00:00 - Intro
01:00 - Agenda
02:18 - Implied Overnight Rate and Number of Hikes Priced in
05:24 - Next Support For the S&P 500 Below the 50-day Moving Average is at the May Lows Around 3,900
06:06 - September is a Seasonally Weak Month For Stocks
07:06 - Will the Fed Get Whipsawed?
07:26 - Setting up for an Inflation Whipsaw?
09:59 - PCE Will Almost Always be Cooler Than CPI
10:32 - Supply Chain Improvements Could Save Us
11:33 - Corporate America is Hanging in There
12:38 - Solid Earnings Growth in Q2 Despite Significant Challenges
13:38 - Earnings Estimates Have Come Down to Reasonable Levels
14:45 - Is Energy a Buy Here?
15:29 - Energy Sector Starting to Outperform Again
18:00 - Oil May be Set up for a Bounce
20:36 - What Could Move Markets the Rest of the Week?
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