Market Optimism Soars After S&P 500's Record Week

Following the S&P 500's stellar performance, stock futures edged up slightly, with the Nasdaq Composite and Dow also making gains. August's turbulence and recession fears were overshadowed by positive economic data, easing rate cut concerns.

Investors eagerly anticipate Fed Chair Jerome Powell's speech and the Fed meeting minutes. Wall Street's robust week saw the S&P 500 surge nearly 3.9%, prompting optimism despite market volatility.

As the market braces for potential rate shifts, insights from Powell's address at Jackson Hole are highly anticipated. Economic indicators like retail sales and jobless claims have dispelled recession fears, bolstering market sentiment.

Amidst hopes for a soft landing, global assets, including EM stocks, are poised for gains if these sentiments persist.