GREY BRIEFING #04: Jackson Hole (interest rate cuts?!), earnings and fundamentals

Welcome back, dear readers, to the fourth GREY BRIEFING! The market has been relatively stable in August. US indices in particular are climbing from one ATH to the next. Prices are once again reacting more sensitively to news and MACROs, as we saw on Friday during the Jackson Hole event. As we do every week, let's start with the ... weekly performance We had a very quiet start to the trading week. Market participants were aware of the Jackson Hole meeting and therefore switched to RISK-OFF (take-care) mode. Over the course of the week, we then saw a small setback in the indices...