[Trader’s Talk] August Market Trend

As August comes to an end, let's dive into the key market movements this month and what they mean for you.

Japan’s stock markets tumbled to an eight-month low after a significant rate hike but quickly rebounded. In the U.S., weaker jobs and manufacturing data are fuelling fears of an economic slowdown, with the markets still reeling.

Fed Chair Jerome Powell’s widely anticipated speech at Jackson Hole affirmed expectations for a September rate cut. “The time has come for policy to adjust,” according to Powell. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.”

But that’s not all. The political arena is heating up with Kamala Harris and Tim Walz officially on the Democratic ticket, gearing up for a showdown against Trump and Vance this November. And with major tech companies like Nvidia yet to report earnings, the stakes couldn’t be higher.

Key Highlight so far in August:

– Japan’s stock market hits an eight-month low after a rate hike, before recovering

– Jackson Hole meeting affirmed expectations of a rate cut in September

– The political showdown is set as Harris and Walz secure the Democratic nomination for November

– Nvidia earnings preview yet to report

Join us next Tuesday for Trader’s Talk! Our chief market strategist, Isaac, will review this month's market trends and provide insights for September!

Stay Tuned!

Don’t miss out—same time, same place!