I saw an interesting reaction to news this morning. While my morning coffee was brewing, I turned on Bloomberg TV just before 8:00 a.m. They were doing commercials but the crawl on the bottom of the screen indicated that the DJ Industrial futures were up a positive 83 points. When the programming resumed, the anchor reported that China had just announced slapping retaliatory tariffs on the U.S. and the futures immediately dropped to 38 points down. The major European indices also dropped noticeably at the same time. Probably a lot of storm and fury, signifying nothing. If Powell reduces the interest rates today, everything will probably jump back up a few points.