Instead, consider rotating into defensives (utilities, staples) and quality cyclicals that benefit from a softer dollar or policy easing later in Q4. Short-term traders might also revisit their leveraged bets — volatility could spike if Powell’s tone surprises hawkish.
Overall, the setup suggests tactical caution rather than full retreat: protect profits, tighten stops, and wait for confirmation before chasing breakouts.
My week in one word: Unsettling.
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