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The market does what the market wants to do. The market saw an opportunity to have it's usually summer rally to the 200 day and it did just that. Then it stopped on a dime at the 200 day. And that was the end. Since then it's been in a down trends with some short squeeze days.
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So why did the market tank on Powell's Jackson hole speech when they already knew exactly what he was going to say and it wasn't going to be good. No different than any other speech in last 6 months?