Friends,Yesterday, I did mention that Chairman Powell's choice of words could trigger a Market Rally or Sell Off. Well, I was correct about the cause/effect correlation :) He certainly used very specific & aggressive words! Words like..."restrictive policy", "extremely tight labor market" (hint - a nice way of framing high unemployment) and these gems..."The Federal Reserve is NOT CLOSE to ending its anti-inflation campaign of interest rate increases" and "We will STAY THE COURSE until the job is done!". These words have triggered a Market reaction but not the one we wanted. I'll keep you posted as we get through this together.Robert

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