Afternoon Note
The market is full of sound and fury - but waiting to hear from Jay Powell.
It's a very choppy session, but the declining sectors stand out more than the advancing.
Healthcare still cannot leverage all the excitement over those fat-loss miracle drugs. Consumer Discretionary is being dragged down by Tesla (TSLA).
There is a lot of attention on small caps and the Russell 2000. There is a record number of calls (options).
The Russell 2000 is bouncing off support, but it is still an ugly situation.
Maybe Powell can provide relief during the 2PM hour.
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