Theres so much pent up money that Powell just has to tweet a picture of a dove and the market will go up 15% the next day. Markets been lumbering up since mid april despite all the doom and gloom narrative with the interest rate and continually being told no cuts for now by the fed the entire time. Anytime the fed says no cuts recently, seems like its Powell creating a buying opportunity more than anything and a week later the ship is back on course. Whenever they do cut rates this year there will be fireworks.