💵 Market sentiment has flipped 😄

After a wave of former Fed chairs and former Treasury secretaries came out to defend Powell and the independence of the Federal Reserve, market mood turned noticeably more optimistic.

Many now believe Powell will “walk away safely” from this situation — after all, prosecuting a Fed Chair over something like office renovations would be wildly excessive.

In short, the Fed is still the Fed, Powell is still in his seat, and the market can finally… breathe again