{"id":29336,"date":"2025-08-20T14:29:45","date_gmt":"2025-08-20T14:29:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/traders-adopted-a-defensive-strategy-in-anticipation-of-powells-speech-at-jackson-hole\/"},"modified":"2025-08-20T14:29:45","modified_gmt":"2025-08-20T14:29:45","slug":"traders-adopted-a-defensive-strategy-in-anticipation-of-powells-speech-at-jackson-hole","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/live-updates\/traders-adopted-a-defensive-strategy-in-anticipation-of-powells-speech-at-jackson-hole\/","title":{"rendered":"Traders adopted a defensive strategy in anticipation of Powell’s speech at Jackson Hole"},"content":{"rendered":"

The S&P 500 is retreating to key levels before Fed Chair Powell’s speech at the Jackson Hole Symposium. Traders are likely reducing positions and hedging due to hotter-than-expected US PPI, improving jobless claims, and surprising inflation expectations from the UMich survey.<\/p>\n

Prior to recent data, the S&P 500 benefited from the US CPI report aligning with forecasts. However, the anticipation of something hawkish from Powell’s speech has shifted market sentiment, causing a pullback as traders react to potential rate discussions.<\/p>\n

Possible Rate Decisions<\/h3>\n

Powell might not commit to specific actions, deciding based on comprehensive data. A signal of a possible rate cut in September could spur a rally, as traders unwind hedges. Conversely, a statement limiting September rate cut prospects might cause further stock market declines.<\/p>\n

On the daily chart, the S&P 500 failed to maintain its rally above a previous high, descending toward a major trendline at the 6,380 level. Buyers might enter below this trendline, while sellers focus on a further pullback toward 6,241. On the 1-hour chart, a minor downward trendline indicates bearish momentum, with sellers poised for new lows and buyers seeking a breakout.<\/p>\n

Upcoming Events<\/h3>\n

Upcoming events include speeches by Fed’s Waller, FOMC meeting minutes, US PMIs, jobless claims, and Powell\u2019s speech.<\/p>\n

Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

S&P 500 pulls back as traders await Powell’s Jackson Hole speech, reacting to recent inflation data.<\/p>\n","protected":false},"author":62,"featured_media":16985,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-29336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/29336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=29336"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/29336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16985"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=29336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=29336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=29336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}