Every August, the global financial community focuses its attention on the Jackson Hole annual meeting. This seemingly academic conference actually has a profound impact on global financial markets. Let us review the key moments from past meetings to understand its significant influence on U.S. stocks, the dollar, gold, and even the Crypto Assets market.

In 2010, then-Federal Reserve Chairman Bernanke announced the implementation of Quantitative Easing (QE2), leading to the depreciation of the dollar and a surge in gold and U.S. stocks. In 2012, Bernanke once again signaled a dovish stance, triggering a new round of market rallies. In 2014, Yellen focused on employment, hinting at the continuation of loose monetary policy, which drove up risk assets.

In 2019, Powell first proposed the "average inflation target", which caused market fluctuations. During the pandemic in 2020, Powell implemented ultra-low interest rates and an unlimited quantitative easing policy, stimulating the stock market and causing gold to surge. However, in 2022, Powell suddenly shifted to a hawkish stance, insisting on high interest rate policies, which led to a sharp decline in the stock market and a stronger dollar. In 2023, he continued to maintain a hawkish attitude, keeping the market under pressure.

This year's conference has attracted a lot of attention, as it may determine the direction of future financial markets. Bitcoin has surpassed $120,000, and Ethereum has reached $4,700, but many small crypto assets have been hit hard. If the Federal Reserve maintains a hawkish stance, can risk assets withstand the pressure? Or, will we see a new round of easing policies that trigger a new bull market?

Regardless of the outcome, the Jackson Hole annual meeting will undoubtedly continue to influence global financial markets, and investors need to closely monitor the developments of the conference to seize market opportunities.