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[Chart courtesy of MarketWatch.com] Moving the markets An early rebound attempt had no legs causing the major indexes to slip below their respective unchanged lines. Not much was lost though, as the tug-of-war between the hawkish crowd (higher rates) and the dovish supporters (lower rates) were evenly matched. Ahead of Friday’s Jackson Hole symposium, and Powell’s speech thereafter, the markets …

[Chart courtesy of MarketWatch.com] Moving the markets Much of the July/August rebound from deep bear market territory was based on hope that the Fed will have to abandon its hawkish interest rate policy and “pivot” towards dovishness, which would result in lower rates and hence a continuation of the bullish theme. While this pivot may eventually happen, it may not …

[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow setting the bullish pace early on, the S&P 500 and Nasdaq struggled through the session by bouncing above and below their respective trend lines, with the former eking out a small gain and the latter falling short of it. The Dow benefitted from earnings results of Walmart and Home Depot, …

[Chart courtesy of MarketWatch.com] Moving the markets After a sharp opening drop, led by energy and financials, the major indexes reversed course, dug themselves out of a hole and rallied to a green close. The rebound came despite disappointing economic data out of China, as their Central Bank out of nowhere decided to cut rates, which seems to indicate that …