Russell may rock n’ roll on rate cut and soft landing hopes
Russell 2000 futures sit on uptrend support, making Friday’s close important following Jerome Powell’s speech at Jackson Hole.
To get excited about US small caps, you need a soft economic landing and lower borrowing costs given many of its constituents are unprofitable and reliant on capital markets. Given Powell will discuss rate cuts and flag confidence in the Fed’s ability to stick a soft landing, it comes across as recipe for upside.
With the uptrend nearby, traders could initiate longs around these levels or even a touch lower with a stop loss below the level for protection. Should the price break 2186.4, there’s little in the way of visible resistance until the record highs.
If the trade works in your favour, consider raising you stop to entry level or higher, providing a free hit on upside. Good luck!
DS
To get excited about US small caps, you need a soft economic landing and lower borrowing costs given many of its constituents are unprofitable and reliant on capital markets. Given Powell will discuss rate cuts and flag confidence in the Fed’s ability to stick a soft landing, it comes across as recipe for upside.
With the uptrend nearby, traders could initiate longs around these levels or even a touch lower with a stop loss below the level for protection. Should the price break 2186.4, there’s little in the way of visible resistance until the record highs.
If the trade works in your favour, consider raising you stop to entry level or higher, providing a free hit on upside. Good luck!
DS
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