The David Lin Report Jackson Hole Preview: Will Fed Tank Markets This Week? | Chance Finucane
Aug 21, 2025
Chance Finucane, Chief Investment Officer of Oxbow Advisors, discusses the cautious economic outlook ahead of the Jackson Hole symposium. He anticipates modest signals from Fed Chair Powell, warning that this could lead to disappointment in overvalued tech markets. Finucane emphasizes the importance of diversification in investment strategies, favoring treasuries and precious metals amid potential market volatility. He also analyzes the recent downturn in tech stocks and investor sentiment, urging discipline and strategic asset allocation.
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Momentum Pullback Masks Broad Participation
- The top momentum names have pulled back while most stocks still rose, showing concentrated weakness.
- Chance warns diversification across sectors beats being concentrated in a few AI/tech winners.
Wait For Lower Valuations Before Buying
- Do not chase richly priced stocks; wait for better entry points after valuation compressions.
- Chance would consider re-entering if S&P 500 falls toward 5,500 (25–30% drop).
Jackson Hole: Inflation Complicates Cuts
- Inflation sits nearer 3% and historically that level makes Fed cuts rare.
- Markets price an 85% chance of a September cut, but further cuts this year are uncertain.