Fascinating read:
This is going to be a different Jackson Hole speech from Powell.
No wonder the market is so jittery about it.
The Fed could be completely revamping how they conduct monetary policy by focusing more on inflation and getting it back to 2%. pic.twitter.com/fCHSBNpRt2
— QE Infinity (@StealthQE4) August 20, 2025
Mag 7 P/Es right now:
20x … 28x … 31x … 33x … 35x … 40x … 200x
👉 Who’s still buying at these valuations?
— Dividend Talks on YouTube (@DividendTalks) August 20, 2025
Friendly reminder that the Taylor rule with a 2% target and 5% UR calls for a 6% Fed Funds rate
I would love to see Bessent’s model of a neutral rate “150 bp lower”
Powell might as well have some fun at his last Jackson Hole conference and point this out pic.twitter.com/MCu1TdbEq9
— Vincent Deluard (@VincentDeluard) August 19, 2025
The S&P500 just broke a record not seen since the dot-com bubble: price-to-book ratio is 5.3×
byu/RobertBartus inEconomyCharts
$QQQ put skew is near a 3-yr high — deep OTM crash puts are pricey as funds load up on hedges.
Powell could do the funniest thing on Friday 💀 pic.twitter.com/FszDWWkqnb
— Tom (@TradingThomas3) August 19, 2025
POWELL UNLIKELY TO COMMIT ON RATE CUTS
Fed Chair Jerome Powell is expected to keep options open in his Jackson Hole speech Friday, avoiding firm signals on a September rate cut. Markets largely expect easing, but Powell may stress that the path isn’t certain. Research firm…
— *Walter Bloomberg (@DeItaone) August 20, 2025
