Markets are looking optimistic this morning ahead of jobs data and the 2nd estimate on Q2 GDP…
- Second estimate for Q2 GDP is expected to improve slightly to -0.8%
- Initial jobless claims are expected to rise slightly to 253k
Nasdaq futures are showing the most promise up 100 points, or 0.76%, with the S&P and Dow futures up 0.64% and 0.32%, respectively. The 10-year is unchanged at 3.10% and oil is up half a percent to $95.54 a barrel.
All eyes are on Jackson Hole. The eyes of the finance, economic, and political worlds are on the Jackson Hole economic symposium, a three-day gathering of government and academic experts on the economy, that begins today. All of Wall Street is eagerly awaiting the speech from Federal Reserve Chair Jerome Powell who is scheduled to speak Friday morning.