Jackson Hole is major focus next week for market trying to broaden out

Whatever is the future path of monetary policy could decide what happens next for a stock market that's struggling to broaden out and extend leadership beyond the companies that have worked so far in 2025. Central bank officials from around the globe will convene next week in Jackson Hole, Wyoming for the Federal Reserve's annual economic symposium , an event that will be closely watched for any clues from Fed Chair Jerome Powell as to what will happen at its remaining policy meetings this year, in September, October and December. This week, the prospect of more interest rate cuts — potentially even a supersized half point next month — drove up parts of the market that have been left behind. The Russell 2000 rallied more than 3%. The equal weight S & P 500 outperformed. Health care, this y