recovery? large stimulus or a stalled recove ? , ., recovery? the risks right now seem to be recovery? the risks right now seem to be perceived - recovery? the risks right now seem to be perceived that. recovery? the risks right now| seem to be perceived that you don t want to be too late in stemming potential inflation but at the same time the economic recovery is still fragile, there are still dislocations in the job fragile, there are still dislocations in thejob market that we are seeing in the us and so that needs to be taken into account too and so when i think of this and think what the implications could be for the implications could be for the overall stock market, it makes me continue to advocate for a more balanced approach to investing, so still maintaining some of those more expensive technology companies that have done well in a low rate environment, but how strong secular growth tail, being exposed to sg, secular growth tail, being exposed to 56, but at the same time
safe so the season has got, maybe another four or five weeks to go and there are many festivals every weekend doing very good business. figs festivals every weekend doing very good business. very good business. as you said, very good business. as you said. many very good business. as you said, many are very good business. as you said, many are running - very good business. as you - said, many are running smaller events than usual. how have they had to adapt to covid? because of the time of planning, we were not sure what step four in the recovery would be. many festivals were planning for social distancing. they were planning for test and trace and so on. a lot of these things with step four put to one side, but the planning cycle was already in place, so although social distancing is probably a thing of the past, the festival capacities were reduced to account for it. so now they are running slightly smaller events, which has an effect on the economy, the festival, of course. lo
later today, the head of america s federal reserve will address fellow bankers at the gathering known as jackson hole after the town in which it normally takes place. this year, as last, the meeting will be held online any hopes of people attending in person were swiftly dashed by the recent surge in covid infections in america. the continuing pandemic makes an inauspicious backdrop tojerome powell s speech. investors will be looking for any guidance on policy going forward, at a time when the signals are very mixed: the us economy has bounced back robustly, but the recovery may be hampered by the spread of the delta variant. so what is he likely to say? joining me now is matt orton, vice president and portfolio specialist at carillon tower advisers. what kind of thing that you expecting to hear from jerome powell today? expecting to hear from jerome powell today? great to be here, and i m honestly
highlight to our clients when we ve been talking about this over the past week as the other voting members of the federal reserve board have also taken a more cautious tone and the members that we have heard from more recently ashley today talking about the need to start tapering maybe sooner than powell has been saying, they are all non voting members stopping i think they are just putting it out there that we are likely to see tapering but powell s probably still going to strike a more cautious tone especially since we still have jobs data to come on september three that will give us a little bit more of a reflection of how strong this recovery is and what the delta variant is actually doing to the economic recovery. actually doing to the economic recove . , ., recovery. president biden are still heping recovery. president biden are still hoping to recovery. president biden are still hoping to provide - recovery. president biden are still hoping to provide a - still hoping to p