Early Update – In Consolidation Ahead of Powell

10:38 a.m. ET I don’t want to sound like a broken record, but the averages remain in consolidation (with a bullish bias) ahead of Powell’s  “Conversation with David Rubinstein” before the Economic Club of Washington D.C. at 12:40 p.m. ET. The averages are mixed, but mostly down modestly. Dow Transports are displaying some relative strength…