#PowellAtJacksonHole 🚨🚨 you also saw this trending right ?
Don’t be worried if you are not aware of this. I will be explaining this trending hashtag to you guys in this post !
What is JacksonHole ?
The Jackson Hole conference is like a big meeting where really smart people who help make decisions about money and the economy get together. They talk about how to make sure everyone has enough money, how to keep prices fair, and how to make sure people have jobs. It's held in a beautiful place called Jackson Hole, which is surrounded by mountains. Imagine it like a big clubhouse meeting where they try to figure out how to make things better for everyone!
What are the aftermaths of this conference on stocks&crypto markets and when does this take place annually?
The Jackson Hole conference usually takes place in late August every year. As for its impact, the conference is closely watched by investors because important economic policies or insights are often discussed there. The speeches and discussions can influence the stock markets and cryptocurrencies depending on what's said. If new policies or insights signal changes in interest rates or economic strategies, markets can react positively or negatively. For example, if there's news that suggests the economy will grow, stock and crypto prices might go up. But if there are concerns about economic challenges, prices might go down. It's like when a big news story happens, and it makes prices go up and down based on how people feel about the news!
Congratulations 🥳 now you are fully aware of what is #PowellAtJacksonHole all about 👍🏽
If you want an insight about what’s going to happen this year after this conference is over keep reading this post.
$BTC will drop $ETH will take a hit (A really bad one) and once this happens bull run begins. So don’t be a target of FOMO patience is the key to success. September might not be good for us (Traders) all the best for upcoming price actions.
