Powell was out there jibber-jabbering “to cut, or not to cut, that is the question.” He can’t answer it because he knows he HAS to cut.
Other than that, we are in lockstep with the SM & dollar today. Which is OK because the SM is up and the dollar is flat.
Israel will probably retaliate sometime soon, so we should decouple from the SM. We’ll see.
Maybe some short covering into the close. Should be.