Once Again, the "Next Dip" will be Extremely Important for the Stock Market

• All eyes will be on Chairman Powell’s Jackson Hole speech tomorrow, but with concerns growing about the tech stocks, the Fed is not the only focus for investors right now. We’re worried that the level of complacency is much too high right now. So, we’ll be watching to see what happens in the “next dip.” At the beginning of the month, the “next dip” held the initial lows…and that was very positive. Will we see the same kind of reaction this time? If not, it’s going to be a very interesting September.