Never doubt the power of the printing press
What a comeback in the stock market
The Nasdaq is 3.8% from the lows and now down just 0.3% on the day. The S&P 500 is up 0.3%.
Never doubt the power of Powell. He offered plenty of reminders today that interest rates aren't going up any time soon.
This puts the whole equity market on a better footing now that the weak hands have been shaken out.
It's still 35 minutes to the close but this is a good look for yen and CHF crosses.