Traders in U.S. equity options do not expect the Federal Reserve’s symposium in Jackson Hole, Wyoming later this month to spark big moves in stocks, even as a focus on the Fed's taper timeline amplifies the buzz around the annual event, data and interviews with market participants showed.
History also suggests the Fed chair's speech at Jackson Hole has not sparked big market moves in the short term. The S&P 500 Index logged an average move of 0.6% in either direction on the day of the Fed chair’s speech over the last 10 years, a Reuters analysis showed.
Ilya Feygin, senior strategist at WallachBeth Capital, is among those who believe the event will yield little to spark market turbulence. He points to recent speakers such as Fed Governor Lael Brainard, who said the central bank needs to see more improvement in the labor market before pulling back on support for the economy.HEDGING FATIGUE
The S&P 500 has gone 276 calendar days without a pullback of 5% or more, its ninth-longest such streak, and the longest one since January 2018, according to Sam Stovall, chief investment strategist at CFRA.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Pence convenes GOP donors, luminaries at Jackson Hole retreatFormer Vice President Mike Pence is ramping up his donor outreach as he weighs a 2024 White House bid
Consulte Mais informação »
From joggers to clogs, 14 comfortable items healthcare workers swear byThese options make their shifts a whole lot easier.
Consulte Mais informação »
23 Dogs found alive in cages littered with feces and dog skeletons'Nothing prepared us for what we saw once on scene,' the Hopkins County Humane Society said.
Consulte Mais informação »
Everyone Thinks Ireland Baldwin Got a Kendall Jenner Tattoo So Now She's Out Here ClarifyingOkay, but it *does* look a lot like Kendall.
Consulte Mais informação »
Europe markets dip as investors monitor economic data, Afghanistan crisis; BHP Group up 9%The ongoing coronavirus pandemic and spread of the highly transmissible delta Covid-19 variant has rattled market confidence.
Consulte Mais informação »
Europe markets set to open lower as investors react to economic data, geopolitical concernsEuropean stocks are expected to open slightly lower on Monday, tracking Asian markets as investors react to a flurry of weaker-than-anticipated economic data.
Consulte Mais informação »