The Bell Ringers #14: The Trump Volatility Show, Focus Turns To Jackson Hole

The Bell Ringers

Join Investing.com senior analysts Jesse Cohen and Clement Thibault as they review the most significant events that impacted financial markets last week and look ahead to what are likely to be the top business and financial stories in the week ahead.

The format is simple: the two will spend three minutes talking about each topic; a bell then sounds once time is up, whereupon they'll move on to the next topic.

This week’s episode starts with: thoughts on the extreme moves in the Treasury market, where the yield spread on the U.S. 2- and 10-year notes inverted for the first time since 2007. The last three times this happened, U.S. recessions soon followed.

Next up: The two discussed another wild weekly performance on Wall Street, which saw nearly every day produce either big gains or big losses, as U.S. President Donald Trump helped unleash a major bout of market volatility.

Finally, the two summarize last week’s major earnings on Wall Street, which saw companies such as Walmart, NVIDIA and Macy’s report their latest quarterly results.

Turning their attention to the week ahead, the duo provided their opinions and thoughts on how markets are likely to perform in the coming days and whether we’re setting up for another volatile week.

The two also gave their thoughts on what to expect from Federal Reserve Chair Jerome Powell’s highly anticipated speech at Jackson Hole on Friday, at which he is expected to clarify the central bank’s plans for a September rate cut.

The two also touched on what’s in store on the earnings front, with companies like Home Depot, Target, and TJX all set to report their latest results in the days ahead.

To close out the episode, they each provided their stock of the week: Target for Jesse and Foot Locker for Clement.

Find us on Twitter for feedback @Investingcom, @BellRingersPod, @JesseCohenInv, and @ClemThibault!