Markets Weekly August 29, 2026

Watch on YouTube ↗  |  August 29, 2026 at 15:04  |  13:30  |  Joseph Wang
Speakers
Joseph Wang — Author, Central Banking 101 / ex-Senior Trader, Federal Reserve

Summary

Joseph Wang reviews the market reaction to the Jackson Hole speech, arguing it was strongly hawkish and effectively promises a September rate hike. He sees front-end rates and risk assets repricing further, though he warns that a possible presidential Iran/Canada peace deal could create a sudden risk-positive reversal. He also expects higher volatility after Labor Day.

  • Major equity indexes were rangebound last week while Nvidia had a strong week.
  • Jackson Hole speech was read as hawkish, with the 2-year yield surging 11bp and futures pricing about two hikes.
  • Wang puts September hike odds at 90%, far above the market's 50/50 pricing.
  • He argues equities/risk assets have not fully repriced the hawkish shift and could face further pressure.
  • A presidential Iran peace deal or Canada resolution is seen as a potential positive market catalyst that could lower oil and boost stocks.
  • Wang expects more volatility after Labor Day as the market digests the Fed shift.
Ideas
Joseph Wang Author, Central Banking 101 / ex-Senior Trader, Federal Reserve 0:29
September hike underpriced; front-end yields rise.
The Jackson Hole speech was extremely hawkish and all but promised a September hike. The 2-year yield surged 11bp and SOFR/fed funds futures now imply about two hikes, but September is still priced as only 50/50. Wang puts the odds at 90%, so front-end rates have more repricing to go as the market catches up.
2-Year Treasury Yield HIGH
Joseph Wang Author, Central Banking 101 / ex-Senior Trader, Federal Reserve 10:31
Equities face further hawkish repricing risk.
Short-term rate traders already understood the hawkish shift and gold fell Friday, but equity investors have not fully repriced it. As the market realizes this is a real Fed shift, further repricing could upset risk assets; low volatility has been masking the setup.
Equities MED
Joseph Wang Author, Central Banking 101 / ex-Senior Trader, Federal Reserve 11:13
Iran/Canada deal would boost risk assets.
The president holds a positive market catalyst: he can announce an Iran peace deal at any time, which would push oil lower, rates lower, and stocks higher. Bad midterm polls and Canada tensions make a political resolution before midterms more likely, so the setup is a risk-positive catalyst to watch.
Stock Market WTI MED
Joseph Wang Author, Central Banking 101 / ex-Senior Trader, Federal Reserve 13:19
Expect higher volatility after Labor Day.
With the final week before Labor Day ending summer, Wang expects more market volatility as the hawkish Fed repricing is digested and low-volatility conditions unwind.
VOLATILITY LOW
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This Joseph Wang video, published August 29, 2026, features Joseph Wang discussing 2-Year Treasury Yield, Equities, Stock Market, WTI, VOLATILITY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Joseph Wang  · Tickers: 2-Year Treasury Yield, Equities, Stock Market, WTI, VOLATILITY