[Trader’s Talk] August Market Trend
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[Trader’s Talk] August Market Trend
Aug 26 22:00
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Tell us which stocks you want Issac to analyse: Trader's Talk - 27 August
We’re in the final stretch of August, and what a rollercoaster ride it has been!
Japan’s stock markets hit an eight-month low on Friday after the Bank of Japan raised benchmark interest rates to their highest level since 2008, before recovering to pare most of it losses. U.S. stocks also had a rough ride as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdow, though they too, have somewhat recovered.
Meanwhile, the Fed’s annual conclave of global central bankers in Jackson Hole, Wyoming, is now underway as we speak. Market observers will be eagerly looking to Fed Chair Jerome Powell’s speech on Saturday for further clues on the FOMC’s likely action at its September meeting. Then again, the market appears to have already made up its mind: The Fed is going to start cutting rates in September — and likely will keep cutting through the end of the year and into 2025.
On the political front, Kamala Harris and Tim Walz have officially accepted the Democratic Party’s nomination and will face off against the Trump-Vance ticket come November.
With just a week more to go before September, investors are also looking to the end of earnings season, particularly with some of the biggest tech names - such as Nvidia- still yet to report their earnings.
Next Tuesday, on Trader’s Talk, our chief market strategist Isaac will share his thoughts on how the market has trended this month, and what you can look forward to in September.
And not forgetting, Let us know what stocks you’re keen to know out more about, and Isaac will pick the top 3 most popular stocks to analyse it LIVE on Trader’s Edge.
That’s right. He will do a LIVE analysis of the stock charts to help you understand how that particular will trend over the next few trading days.
So, stayed tuned- same time, same place.
See you on Tuesday!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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