After a strong rally of 14% in the first seven months of the year, the stock market has hit a roadblock with the onset of the August downturn, as evidenced by a 4% decline in the S&P 500 index.
Jackson Hole could help turn things around in the long run. The symposium has a reputation as a market mover is due to the speeches given by former Fed Chair Ben Bernanke during periods of financial crisis and stimulus, which coincident...