Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may hold positions in securities recommended in this report, both personally and in client accounts. He is an experienced trader and money manager and is the author of “Options as a Strategic Investment.” www.optionstrategist.com.

The Nasdaq and S&P 500 slid on Tuesday driven by tech stocks, as investors gear up for what Federal Reserve chair Jerome Powell will say about the path of interest rates at a key conference later in the week.

Some market participants will have in their minds Powell’s Jackson Hole comments in 2022, when the Fed Chair delivered what Emanuel calls his stern inflation-is-job #1-and-we-are-just-going-to-keep-hiking speech. Stocks did not react well to that.

The annual economics symposium, which begins Thursday, brings together top monetary policy officials from around the world and always makes headlines in the financial press. There are at least three reasons the conference is worth paying attention to this year.

The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.

The Dow, S&P 500, and Nasdaq are falling as the stock market looks ahead to the Federal Reserve's Jackson Hole Symposium.

Walmart earnings are in early focus before the highly anticipated start of the Federal Reserve's gathering at Jackson Hole.