“Stock valuations are very elevated right now heading into Jackson Hole, and investors have very high expectations that Powell will hint at a September rate cut,” said Rick Gardner, chief investment officer at RGA Investments. “Anything short of that could push investors to take some chips off of the table, especially given lighter August trading volume and a reluctance for risk heading into a weekend.”
https://www.cnbc.com/2025/08/20/stock-market-today-live-updates.html
