BofA, UBS See Small-Cap Outperformance as Powell Turns Dovish

BofA, UBS See Small-Cap Outperformance as Powell Turns Dovish

Small caps were already riding the wave of a recent rotation out of Big Tech and into lagging parts of the market. Then came dovish remarks from Federal Reserve Chair on Friday, which likely provided more room to the rebound.

Markets pare some of the dovish Powell move with eyes on data - Newsquawk US Market Wrap

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Full text of Jerome Powell's Jackson Hole speech

Rate cut to "stimulate" jobs? Powell: "while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers."

Dollar Struggles to Recover From Dovish Powell Gut Punch

Asset managers react to Powell’s dovish tone at Jackson Hole

By Abraham Darwyne US stocks jumped after Federal Reserve chairman Powell indicated that the central bank is likely to cut interest rates as soon as September. While Powell did not explicitly confirm that the Fed would cut rates in September, “he set a low bar for one”, according to David Chao, global market strategist for Apac at Invesco. “With the Fed aligning more with market expectations for easing, this is a constructive development for ris…