In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist dive into a seasonally tricky September. They break down Fed Chair Jerome Powell’s dovish stance at the Jackson Hole Symposium, the Fed’s balancing act between jobs and inflation, the steepening yield curve, and why gold and international markets are worth watching. Despite short-term volatility risks, they explain why the long-term bull market remains intact.
Key Takeaways:
- Jackson Hole Reaction: Powell leaned dovish, sparking a strong rally, but September cuts aren’t a lock.
- Fed Outlook: Markets are pricing in six rate cuts by late 2026 — potentially a big tailwind.
- Home Equity = Dry Powder: Falling rates could unleash a wave of consumer spending power.
- Steepening Yield Curves: A global signal pointing to growth and inflation expectations.
- Gold Breakout: With its price rising for eight months in a row, gold can be a long-term hedge against volatile inflation and a diversifier beyond bonds.
- Inflation Risks: Broader services inflation remains sticky, keeping pressure on the Fed.
- Seasonal Weakness: September has historically been the market’s toughest month, but optimism remains.
Connect with Ryan:
- LinkedIn: Ryan Detrick
- X: @ryandetrick
Connect with Sonu:
- LinkedIn: Sonu Varghese
- X: @sonusvarghese
Questions about the show? We’d love to hear from you! factsvsfeelings@carsongroup.com
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