Market divergence sees Dow surge to record high amid tech sell-off

US equity benchmarks struggled in trading yesterday with the S&P 500 and Nasdaq indices posting losses amid a rotation out of big tech and into small caps. However, the Dow Jones Industrial Average and the S&P 500 Equal Weight indices both hit record highs after US Fed Chair Powell’s dovish comments on Friday. David Kohl, Chief Economist, shares his key takeaways from last week’s Jackson Hole summit and outlines his thoughts on the future paths of Fed and ECB policy.

00:00 Introduction by Helen Freer (Investment Writing)

00:41 Markets wrap-up by Jonti Warris (Investment Writing)

07:03 Jackson Hole/Fed outlook: David Kohl (Chief Economist)

13:19 Closing remarks by Helen Freer (Investment Writing)

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