Market Outlook 08/23/2021
Welcome to Jacksonhole symposium week with Fed chair Powell scheduled to speak on Friday 1000 EST. Expect more Fed sound bites starting Thursday and Fed optimism to fuel intraday rallies.
/ES continuing the pattern of bouncing from 50 Day MA (or close to it) as it closed above 20 Day MA on Friday and extends further during the overnight session. The bear…