Daily Wrap – Did Powell Pop The Bubble? There’s A Good Chance He Did

Today’s trade was similar to that of recent sessions in the early going, and similar what 3C has been forecasting all week. Early trade was flat. Weaker tone manifested this afternoon following Fed Chair Powell’s IMF panel discussion at 2:00 p.m. ET. As summarized this afternoon, Powell came off as hawkish which sent the major…