đ¨ IS POWELL PASSING THE BATON? â A 3-ACT PLAY SETS UP THE NEXT STORM
Last nightâs speech may go down as Powellâs most subtle âexit signalâ yet. Calm on the surface â but beneath it, three macro depth charges just hit the market.
đŹ ACT I | Intermission Begins
Rates unchanged. Last yearâs loud rate-cut narrative is paused.
âPolicy is in a good placeâ = liquidity euphoria goes on hold.
Not the end of the cycle â just a tempo shift.
đ ACT II | The Blame Transfer
Inflation acknowledged â but pushed onto tariffs & external forces.
Smart move. As long as itâs labeled âtemporary,â the rate-cut door stays unlocked.
Easing isnât dead â itâs delayed.
â ď¸ ACT III | The Farewell Line
âThe Fed must stay out of politics.â
At a power-transition moment, this is a boundary + warning.
Uncertainty becomes the marketâs new leverage point.
Short-term volatility = background noise.
Smart money is already positioning for Act IV.
đĽ Whoâs the next main character?
Crypto? Gold? Or sleeping tech stocks?