Federal Reserve Chair Jerome Powell’s speech in Jackson Hole, Wyoming

One sentence summary – Wall Street is eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming speech in Jackson Hole, Wyoming, with financial expert Jim Cramer suggesting that Powell may continue with tightening measures, advising investors to hold onto shares in strong companies like Apple and Nvidia while preparing for potential losses.

At a glance

  • Wall Street eagerly awaits speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming
  • Speech is significant as it mirrors Powell’s address last year, which led to a drop in stock prices
  • Prominent financial expert Jim Cramer believes Powell may continue with tightening measures
  • Cramer advises investors to hold onto shares in strong companies but prepare for potential losses
  • CNBC Investing Club Charitable Trust considers using the opportunity to invest in preferred stocks at a lower price

The details

Wall Street is eagerly awaiting a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming.

This speech is of significant importance as it mirrors Powell’s address last year.

That address led to a noticeable drop in stock prices.

Prominent financial expert Jim Cramer has shared his views on the upcoming speech.

Cramer believes that Powell may continue with tightening measures.

He advises investors to hold onto shares in strong companies.

At the same time, he suggests investors should prepare for potential losses.

Cramer’s interpretation of Powell’s strategy is that it aims to create a situation where delaying investments could result in more favorable prices.

Despite the risk of losses, Cramer advises holding onto certain stocks that have a promising future.

Apple and Nvidia are among the stocks he recommends.

In response to Powell’s upcoming speech, the CNBC Investing Club Charitable Trust is considering using this opportunity to invest in their preferred stocks at a lower price.

It’s important to note that the Trust currently owns shares in Apple and Nvidia.

This news underscores the anticipation surrounding Powell’s speech.

It also highlights the potential impact on the stock market.

Furthermore, it brings attention to the advice of experts like Jim Cramer.

Investors are encouraged to closely watch the implications of Powell’s statements.

They should consider their positions in companies like Apple and Nvidia.

Investors should weigh potential losses against long-term prospects.

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cnbc.com
– Wall Street is anxiously waiting for Federal Reserve Chair Jerome Powell’s speech in Jackson Hole, Wyoming.
– Powell’s speech last year caused stocks to plummet.
– Jim Cramer believes Powell is likely not finished tightening and advises investors to hold on to good companies while being prepared for potential losses.
– Cramer suggests that Powell’s goal is to create an environment where waiting will lead to cheaper prices.
– Cramer recommends keeping certain stocks with a strong future, such as Apple and Nvidia, despite potential losses.
The CNBC Investing Club Charitable Trust is considering using Powell’s speech as an opportunity to invest in favorite stocks at a discount.
The Trust holds shares of Apple and Nvidia.

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