SUMMARY OF POWELL'S SPEECH: just a few casual remarks… and the chart is green, those LONG are feeling like a year-end sale storm

• Warning about the labor market risks looming ahead – a gentle hint at the possibility of rate cuts in September.

• A subtle reminder: the inflationary pressure from tariffs is just "temporary".

• Changes in risk balance at a level "justifiable" for easing – which translates to "slowly, don’t rush".

✨In summary: The Fed is still "looking ahead and looking back", not promising but not refusing. Rate cuts? Possible. But it has to be "gradual", "cautious", and "avoid shocking the market".

P.S. Not flattering, but today Powell looks so handsome, the chart remains green in my heart! 😎💚

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