Fed Chair Powell's Jackson Hole Speech Could Jolt Markets: Evercore Warns of 15% Drop
1. Mixed economic signals could lead to S&P 500 pullback, analysts warn. 2. Fed's Powell may signal a 25bp rate cut, causing potential market drops. 3. High stock prices coupled with seasonal trends may trigger further declines. 4. Analysts recommend investing in AI-centric stocks and strong earners. 5. Political tensions add uncertainty to the economic outlook.