Last week, the Jackson Hole Symposium was front and center of investors’ attention. Federal Reserve Chair Jerome Powell's comments suggested the time has come to cut rates, leading to a strong rally in equities. The S&P 500 ($SPX) (SPY) had a strong finish to the week finishing 1.15% higher on Friday which was good for a 1.45% weekly gain.
Economic concerns persisted as Core Durable Goods Orders came in lower than expected, signaling potential weaknesses in business investment.
