The street is waiting to see which Jay Powell will be showing up today. Over the past two years, he has taken the persona of several former Fed chairs. He would never admit to being Arthur Burs, though.

Wall Street wants a combination of Powell & Bernanke, but the economy might need more Volcker.

The problem is government spending, we saw it in today's construction data and JOLTs report.

It’s pushing out the private sector and stoking inflation. 

Six sectors are holding gains with Communication Services showing relative strength thanks to top components Meta Platforms (META) and Alphabet (GOOG).

Investors are waiting to hear what tone Fed Powell will adopt today at 2.30pm ET.