Jackson Hole Shifts the Tone, Small-Cap Momentum, & Equity Index Annuities

The Money Wise guys are back in the studio with some fresh takes on what’s happening on Wall Street. This week, the markets responded positively to Federal Reserve Chair Jay Powell’s much-anticipated Jackson Hole speech. For the week, the Dow rose 686 points (1.5%), the S&P 500 gained 17 points (0.3%), while the NASDAQ slipped 106 points (-0.6%). Year-to-date, the Dow is up 7.3%, the S&P 10%, and the NASDAQ 11.3%. The discussion focuses on how Powell’s dovish tone signaled the likelihood of an interest rate cut in September, easing fears of more aggressive tightening. His comments also reframed […]