Post Powell Afternoon Update

After Powell’s presser, the take seems to be slightly more dovish. The Dollar Index is down modestly (-0.3%), the Fed sensitive 2-yr yield is down 5 basis points, and the economically sensitive is down 5 basis points. SP-500 -0.1%, Dow +0.1% (Transports +2.75%), NASDAQ-100 +0.35%, Small Caps +0.85% The equity market got a lift from…