Reminiscences of a Shrub Operator

Reminiscences of a Shrub Operator

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Reminiscences of a Shrub Operator
Reminiscences of a Shrub Operator
Jackson ... Hoooooole
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Jackson ... Hoooooole

Plus, an Elegant Election Hedge!

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Le Shrub
Aug 21, 2024
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Reminiscences of a Shrub Operator
Reminiscences of a Shrub Operator
Jackson ... Hoooooole
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Another year, another Jackson Hole.

I avoid mentioning “Jackson Hole” around my kids, because those words remind me too much of that scene in “Meet the Fockers”, where the baby finally says his first word, and let’s say…it’s not the most appropriate one (link here).

What is Jackson Hole exactly? Think of it like the “Woodstock for Central Bankers” or “Fed Woodstock”. This is the second “wannabe-Woodstock” finance event of the year, preceded by “AI Woodstock” back in March (aka Nvidia’s AI Day). The Nasdaq subsequently dropped by 7% the following month. I wonder how the Market will do after “Fed Woodstock”…

…which brought back memories of previous Jackson Holes, and how the Market reacted back then…

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