Jackson Hole has become a key volatility event for the $SPX—each year, we see an initial dip around Powell’s speech, often followed by a rebound once the dust settles. Even a dovish tone in 2024 couldn’t stop the short-term drop, showing how sensitive sentiment remains. This year, optimism for a September Fed rate cut is high, with the July CPI report supporting that view, though caution lingers. Notably, we’re seeing sector rotation into areas like residential construction and small-caps that stand to gain from lower rates. If there’s another post-speech pullback on Friday, it may well present a classic buying opportunity, as history suggests. Will 2025 repeat the pattern? I’m watching closely to see if this “sell, then rebound” cycle continues!