Fed’s Powell must signal a more aggressive stance on rates at Jackson Hole or stocks will tumble, James Bianco warns

Wall Street’s next make or break moment for stocks may come from 2,000 miles away. Federal Reserve chief Jerome Powell will deliver opening remarks at the Jackson Hole Economic Policy Symposium on Thursday. If Powell doesn’t address the stock market’s wild swings and recent bearish bond yield inversion, market researcher James Bianco warns the reaction will be violent. “We could see another plunge in rates. We could see further movement down in yields and the yield curve and more volatility and problems in the markets. He should move aggressively,” the Bianco Research president said Friday on CNBC’s “Trading Nation. ” WHAT WILL FED DO AND SAY THIS THURSDAY?

USD ON THE SPOTLIGHT 

KEY POINTS

  • USD still have room to move up for a double top
  • Bullish Head & Shoulder has completed
  • Now we will see more action with Bearish “INVERTED W” then the big fall.
  • Most currencies are oversold and US is in a huge debt after 2008 crash
  • Trade war will continue and will keep the market and FED will continue to keep market liquid
  • Don’t rush to trade till the FOMC is done; meantime you can do day trading and close all position by Wednesday Night.

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