Stock Indices Continue To Pause In Front Of Powell Speach

The Stock Indices continued to pause today in front to the anticipated speech by Fed Chair Powell. I fully expect the rotation to continue into the Friday speech and then we will likely see increased volatility as traders try to interpret what he says. The outstanding item from today’s trading was the extreme low volume in the NASDAQ. Volume was not this low since December 31, 2021. After that is when the market selloff began.

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