Closing Bell Powell Sends Markets Ripping After Jackson Hole Speech 8/22/25
Aug 22, 2025
Mike Santoli, CNBC's Senior Markets Commentator, shares his expertise on recent market reactions to Fed Chair Powell’s dovish speech. He highlights key gains in consumer discretionary and tech sectors, alongside the mixed performance in the Nasdaq. The conversation delves into the implications of anticipated rate cuts on housing and financial sectors. Additionally, experts discuss the U.S. government’s stake in Intel and its potential impact on the semiconductor industry, while examining market sentiment influenced by tariff announcements.
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Powell Sparked A Broad Risk-On Rally
- Powell's Jackson Hole tone was read as more dovish and sparked a broad market rally across sectors.
- Markets priced a September cut and rotated from defensives into cyclicals and high-beta names.
Position For Multiple Fed Moves
- Christina Partsinevelos warns that once the Fed pivots, markets often expect multiple cuts, not just one.
- Position for a potential multi-move easing cycle and watch economically sensitive sectors first.
Housing And Regionals Led The Rebound
- Housing and smaller banks rallied hard on the prospect of cheaper debt and stronger mortgage demand.
- Homebuilders and regional banks gained as the market priced easier policy supporting housing activity.