- Traders will be glued to their screens at noon today as Fed Chair Jerome Powell delivers what will be the most critical speech of his short time leading the central bank.
- He's likely to provide insights into the Fed's plans for monetary tightening and may address growing hostility from President Trump, who said in an interview on Tuesday he's "not even a little bit happy with my selection of Jay" and believes the central bank is "way off-base with what they're doing."
- U.S. futures rose 0.3% ahead of the news, powered by remarks from Larry Kudlow that the upcoming G20 summit was an opportunity to "turn the page" on the U.S.-Sino trade war.
- Oil is flat at $51.56/bbl, gold is steady at $1213/ounce and the 10-year Treasury yield is unchanged at 3.06%.
- ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV
- Now read: S&P 500 Valuation Dashboard - Update
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