Jackson Hole Event is Bullish for Stocks: HCA, RCL, GM to Gain

Central bank officials worldwide would meet in Jackson Hole to discuss monetary policies and their implications on economic growth. The Jackson Hole Symposium will be held from Aug 22-24 and Federal Reserve Chair Jerome Powell is expected to give a speech on Friday. Stocks have, traditionally, risen in the weeks before and after the Jackson Hole event. The gauge of U.S. large caps — the S&P 500 — registered an average return of 0.9% in the two weeks around Jackson Hole since 2010, per Nicholas Colas, co-fou ...