Dollar drifts, Europe stocks open flat
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(Reuters) -Futures tracking Canada's main stock index edged down on Thursday, mirroring Wall Street's moves, as investors avoided risk ahead of the U.S. Federal Reserve's three-day Jackson Hole symposium.
Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.
The takeaway is that markets aren’t pricing in any sort of “succession premium” tied to any one chairman. The glidepath of monetary policy — regardless of Powell’s successor — appears structural, anchored to the Fed’s backward-looking framework . If that holds, it would mark a break from recent history.
Previously unloved stocks are making a big comeback before Jackson Hole, the Federal Reserve’s annual summer economic summit