An important moment in the financial world is approaching. Tonight at 10 PM, the highly anticipated Jackson Hole Annual Economic Policy Symposium will kick off. Federal Reserve Chairman Powell will deliver a speech at the closing of the meeting, which is undoubtedly the main highlight of this event.

The Jackson Hole Conference is considered important because it has long been seen as a barometer for predicting the direction of U.S. monetary policy. Historical data shows that the conference has a particularly significant impact on the U.S. stock market. Over the past 15 years, the S&P 500 index has displayed noticeable patterns of volatility in the week before and after the conference.

It is worth noting that Chairman Powell's speeches often trigger severe market reactions. Looking back at previous years, on the day of Powell's speech in 2022, the three major U.S. stock indices all experienced significant declines of 3% to 4%. In 2023, just the day before his speech, the Nasdaq index dropped by 2%.

The importance of this meeting is self-evident. Investors and analysts are closely watching Powell's speech, hoping to gain insights into future interest rate policies. In particular, Powell's stance will play a key role regarding the potential rate cut in September and the market trends in the second half of the year.

As the meeting approaches, global financial market volatility may intensify. Investors need to remain vigilant and closely monitor the developments of the meeting, adjusting their investment strategies in a timely manner. In any case, the Jackson Hole meeting will undoubtedly become an important turning point influencing the future direction of the market.