President Trump talks tough but holds cards in hand. Is Powell on the chopping block? Hold on, the main theme still depends on the market's mood!

Former US Treasury Secretary Summers states: President Trump criticizes Powell daily for not lowering interest rates, but to put it bluntly, he wants to clear his name in advance. However, when it comes time to nominate a successor, it’s likely he’ll pick a mainstream candidate 'acceptable to the market' to stabilize emotions first and foremost.

Old He's view is simple: no matter how wild President Trump gets, he knows that if an 'extremely dovish' replacement is brought in to disrupt things, the market might crash first, and he could end up losing votes. Talk is talk, but when it comes to real action, Wall Street's mood still matters.

To reap the benefits of the market, one must first understand the underlying game.