{"id":29435,"date":"2025-08-21T11:57:14","date_gmt":"2025-08-21T11:57:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=29435"},"modified":"2025-08-21T11:57:14","modified_gmt":"2025-08-21T11:57:14","slug":"sp-500-slips-ahead-of-jackson-hole-meet","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/sv-eu\/analysis\/sp-500-slips-ahead-of-jackson-hole-meet\/","title":{"rendered":"S&amp;P 500 Slips Ahead of Jackson Hole Meet"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/04\/download-9-1024x559.png\" alt=\"\" class=\"wp-image-19862\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-9-1024x559.png 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-9-300x164.png 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-9-768x419.png 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-9.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 trades at <strong>6,386.76<\/strong>, down <strong>0.19%<\/strong>, after hitting resistance near <strong>6,439.58<\/strong> earlier in August.<\/li>\n\n\n\n<li>Futures mirror Canadian TSX declines as markets wait for Powell\u2019s Jackson Hole speech.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The S&amp;P 500 edged lower on Thursday, retreating to <strong>6,386.76<\/strong> as traders avoided fresh bets ahead of the Federal Reserve\u2019s three-day Jackson Hole conference.<\/p>\n\n\n\n<p>Futures on both Wall Street and Canada\u2019s TSX slipped <strong>0.09%<\/strong>, with global markets holding a cautious tone until Fed Chair Jerome Powell\u2019s speech on Friday offers clarity on the path of U.S. monetary policy.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Markets are awaiting Fed Chair Jerome Powell\u2019s remarks at Jackson Hole on Friday for signals on the prospect of a September rate cut <a href=\"https:\/\/t.co\/kYGsaSWp63\">https:\/\/t.co\/kYGsaSWp63<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1958462346550030492?ref_src=twsrc%5Etfw\">August 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The backdrop remains sensitive: a weakening U.S. labour market, coupled with President Donald Trump\u2019s <a href=\"https:\/\/t.co\/feG2oEiakM\" target=\"_blank\" rel=\"noopener\" title=\"\">pressure on Fed leadership<\/a>, has raised expectations for policy easing.<\/p>\n\n\n\n<p>Traders are now watching for signs of a September rate cut, while U.S. business activity data later in the day could sharpen the picture.<\/p>\n\n\n\n<p>Commodities also reflected the split tone in risk sentiment. Gold and copper eased, while oil prices firmed on stronger U.S. demand signals and ongoing <a href=\"https:\/\/t.co\/NY070uKScq\" target=\"_blank\" rel=\"noopener\" title=\"\">uncertainty over Ukraine peace efforts<\/a>.<\/p>\n\n\n\n<p>In Canada, July producer price data due later in the day will be scrutinised for hints that the Bank of Canada could restart its rate-cutting cycle after holding at <strong>2.75%<\/strong> since March.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The S&amp;P 500 has staged a strong recovery since the April low of 4,802, rallying steadily to its current level near 6,387.<\/p>\n\n\n\n<p>Price action is holding above both short- and medium-term moving averages, showing that the bullish structure remains intact despite some recent consolidation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/08\/image-14-1024x450.jpeg\" alt=\"\" class=\"wp-image-29436\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/08\/image-14-1024x450.jpeg 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/08\/image-14-300x132.jpeg 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/08\/image-14-768x337.jpeg 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/08\/image-14.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">#image_title<\/figcaption><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: S&amp;P 500 consolidates near record highs while momentum shows signs of cooling, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The MACD, however, is flattening, reflecting that momentum is slowing after the sustained rally.<\/p>\n\n\n\n<p>In the near term, resistance sits around 6,400, with a breakout above potentially extending the uptrend toward 6,500. On the downside, support lies at 6,250 and then 6,000 if pressure builds.<\/p>\n\n\n\n<p>Overall, the index remains bullish while above its rising moving averages, though the pace of gains could cool as traders lock in profits and await fresh macro catalysts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If Powell signals readiness to cut rates, the index could quickly retest <strong>6,440<\/strong> and push toward <strong>6,500<\/strong>. Conversely, a hawkish or ambiguous tone could extend the pullback toward <strong>6,300<\/strong>, with a deeper slide risking a test of the <strong>6,100<\/strong> base.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street pauses ahead of the Fed\u2019s annual symposium, with policy expectations and geopolitical risks keeping traders cautious. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":5,"featured_media":19862,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[8,23],"class_list":["post-29435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices","tag-sp500"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/29435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=29435"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/29435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media\/19862"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=29435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=29435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=29435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}