Nice Intraday Moves Net Out

The nice rally Monday was erased after Powell's speech.

PRE-OPEN MARKET COMMENTS WEDNESDAY - This is a light news week so the market is going to latch on to any news it can. Monday the market rallied on the notion that there could be two more rate cuts this year. That possibility was revealed last week during the FOMC statement. Yesterday, Powell said that there is no guarantee that the Fed will cut twice this year and the market gave back Monday's gains.

Daily Bulletin Continues...