Intraday Update – Powell, Beige Book, Mega Caps and Ethereum

2:55 p.m. ET The market is listening to Powell, but thus far it’s been more of a fireside chat than forward policy guidance. there was some minor risk off tone ahead of Powell’s interview. SPX (1m today)   Small Cap IWM (1m intraday) coming own to the descending triangle consolidation’s lower trend line. There was…