1/2 @bankofengland head, Mark Carney's, talk at Jackson Hole on Friday envisioned a virtual global currency, controlled by the major central banks, as a way of confronting the obvious problems with the US$ as the world's reserve currency. Not a bad idea...
Need to Know: Investors are so bearish, it’s almost time to start buying stocks again, says Bank of America: Happy Jackson Hole-Friday. Our call of the day comes from the Bank of America folks, whose Friday “Flow Show” zeroes in on a… MARKETWATCH
US stocks opened higher on Thursday ahead of Fed Chairman Jerome Powell’s highly anticipated speech in Jackson Hole on Friday.
The Dow opened 0.3%, or 72 points, higher.
The S&P 500 rose 0.3% at the open.
The Nasdaq Composite opened up 0.3%.