I noticed this time that the major indices didn’t really react to Powell’s preso.
DJI for example rose a bit from about 3pm and then fell some, to be basically of no influence by the close.
This is despite that Powell basically confirmed the Fed Put was in place … https://www.marketwatch.com/story/powell-says-fed-is-ready-to-cut-rates-if-inflation-falls-quickly-e7bfc720?mod=home-page … ie investors can buy the dip because the Fed will step in to save them from themselves when the brown stuff hits the fan.
Dex
