Manage episode 311662727 series 3164323
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 yet another wild and crazy week on Wall Street, where U.S. stocks plunged after President Donald Trump ratcheted up the rhetoric on China, once again escalating the trade war between Washington and Beijing.
Next up: The two discussed the outlook for more monetary easing from the Federal Reserve after Chairman Jerome Powell left the door open for additional rate cuts in his big speech at Jackson Hole.
Finally, the two look back at the second-quarter earnings season on Wall Street, which has all but wound down, as they note some of the big winners and losers.
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 advice on how to handle the wild moves in markets and what investing mistakes you want to avoid as stocks sink.
The two also touched on what’s in store on the data front, with the second reading of U.S. gross domestic product, durable goods, consumer confidence as well as personal income and spending, which also includes the PCE deflator, the Fed’s preferred inflation indicator, all on the agenda in the days ahead.
To close out the episode, they each provided their stock of the week: Okta for Jesse and Chevron for Clement.