Early Update – Market Not Too Pleased with Powell’s Lack of Rate Cut Timing Clarity

11:42 a.m. ET Powell is still testifying before the Senate. Rates have moved higher since he began and we’ve seen some more intraday fluidity in sector and style factor performance. The averages are mixed and very little changed with the exception of Dow Transports, which had a bearish consolidation Friday and yesterday, and Small Caps….