Market Update – Consolidation; Government’s Intel Shares Have Voting Rights

The averages are in various states of consolidation / profit taking following Powell’s Jackson Hole commentary and related advances with the cap-weighted, mega cap-heavy S&P and NDX flattish, while the DJIA, Dow Transports and Small Caps pulling back a bit more sharply, but still in consolidative territory, presumably awaiting the week’s growth and inflation data,…