Buy the “rumor” sell the “news” following Jackson Hole!
Buy the “rumor” sell the “news” following Jackson Hole!
Marc Chandler, Chief Strategist of Bannockburn Global Forex, talks with Blake Morrow to discuss the upcoming Jackson Hole Symposium, some of its speakers and what to be on the lookout for in the days ahead in the markets.
Marc believes that no matter what the FOMC Chairman says, the market will find something “dovish” to cling onto and the US Dollar may sell off following his speech. He talks about many instances in recent months that this has been the case in the FX market.
Marc also suggests that all eyes will be on the Fed, and other speakers or central banks may not matter “as much” for this years symposium. Marc also discusses recent FOMC governors comments and how they are less like ‘doves or hawks” but more like “activists” and explains what he means by that.
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