On Wednesday, Powell doubles down on his closet dovishness when he is asked about inflation and deflation. Powell leans dovish saying he is 'more worried about deflation'. Comically, he is hiking rates because the presumption is that he is worried about inflation. His dovishness means the Fed will remain accommodative so stocks rally as is the case since March 2009. The SPX pops 3 points in a few minutes and runs from 2808 to the HOD at 2817, 9 points, over the next hour. The central bankers are the market.
From Keystone the Scribe's daily chronology,