2026-08-30 · A Hawkish Speech Ends a Winning Week
A Fed official's hawkish Jackson Hole speech pushed next month's hike odds to a coin flip and hit growth stocks hardest, but broad money flow and price structure still lean bullish, so this reads as rotation and stretched positioning, not a trend break.
The Signal
Stocks pulled back Friday to close an otherwise winning week after a Federal Reserve official's high-profile speech said inflation is still running too hot and that price stability, not growth, is the Fed's main job right now. Traders pushed the odds of a hike at next month's meeting to roughly a coin flip…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.