The Week Ahead
Last week, I was pretty inactive; I had a weekly call spread on SPX, which worked well. Expect volumes to start picking up as Europeans return to their desks after their holidays… a quiet but busy week to come with NVDA reporting earnings mid-week. September will pick up quickly with payrolls, CPI, and the expected Fed cut.
There was not much to take away from Jackson Hole other than dovish sentiment. However, one comment that I think people were rolling their eyes at was, “The timing and pace of rate cuts will depend upon incoming data.” It just shows that despite Jay being very clear that a cut is coming, they remain data-dependent.
If you didn’t notice, yesterday was a slow session. My post falls on a Tuesday, as it was a bank holiday in the UK yesterday. Yesterday's notable move was oil up 3%; stocks were relatively flat. Nothing else really happened.
ICYMI current portfolio weights…