Last week wrapped up on a strong note, with markets hitting new highs following Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday. This bullish momentum worked in favour of our positions and set a positive tone heading into the new week.
What to Watch This Week
Although the economic calendar looks relatively light, there are a few key events that could influence market direction:
- Monday: Housing data release
- Thursday:
- Speech by Fed Governor Christopher Waller
- Unemployment data
- GDP data
- Friday: PCE (Personal Consumption Expenditures) data
The PCE and unemployment figures will be crucial in shaping expectations around a potential rate cut in September. I’m particularly interested in Governor Waller’s speech, as she is reportedly one of Donald Trump’s top picks to replace Jerome Powell as Fed Chair.
My Personal Outlook
This week, I’m leaning bullish—but with caution.
I saw some upside last week with PALL and ETHE, and I’m still holding those positions (though I probably should have closed them on Friday). I’ll be monitoring the market closely and will share any new opportunities in my midweek update. currently looking to get some opportunities in Xrp to follow the trend.
Market Sentiment & Macro Risks
One important observation: the market is currently more stretched than during the Dotcom bubble. Several analysts are forecasting a recession within the next 12 months.
This isn’t a reason to panic or stop trading—it’s a reminder to stay sharp, listen to market signals, and remain adaptable. Keep your ears to the ground and stay informed.
Stay Tuned
I’ll be back with more insights in the midweek post, including trade updates and fresh opportunities.
🔒 Disclaimer
This is not financial advice. The content shared here reflects my personal opinions and observations on current market events. Trades shared are for educational purposes only. IOY Capital is not responsible for any investment decisions you choose to make.
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