I can’t believe any of us (especially me) wasted emotional energy anticipating Jerome Powell’s speech this morning. Here’s a summary of the entire thing:(more…)
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A few minutes ago, I woke up as I typically do, reaching blearily for my iPad at the side of the bed, interested to see what color the ES and NQ are. This morning was especially important, since I didn’t know precisely when the Powell speech details were going to be released.
Through my bleary eyes, for a millisecond I thought I was a green “60” (in other words, the ES up 60 points) and my heart skipped a bit, but the screen refreshed and it showed both the ES and NQ down double digits. Apparently whatever it was that made them spike down had happened just a few seconds before I turned on my iPad (good timing on my part), so I fired up Twitter to see what was going on.(more…)