Powell came in soft and we are turbo ripping.We love to see itThe market was pricing in a hawkish tone.We got a VERY dovish tone, and we are now seeing it all play out in real time.Higher for longer.Easy (@EasyEatsBodega):Market sell off in preparation for Jackson Hole Friday.Markets are essentially pricing in hawkish tone.In the most basic form of verbiage- Markets think rate cuts are no longer a guarantee for September- Powell speaks Friday, if he hints at all at no rate cuts. Market ...

Market Expectations - Markets anticipate a sell-off in preparation for the Jackson Hole meeting on Friday [1] - Markets are pricing in a hawkish tone from the Federal Reserve [1] - Markets believe rate cuts are no longer guaranteed for September [1] Federal Reserve Policy - If Powell hints at no rate cuts on Friday, the market will react negatively [1]