Stocks enjoyed a brief pop, which was immediately retraced, when moments ago the Fed released new chair Jay Powell's prepared remarks from his Ceremonial Swearing in - his first public statement since replacing Yellen and since last Monday's volnado - and which perked up the market when Powell said that "We will remain alert to any developing risks to financial stability."
This prompted a 100 point pop in The Dow, which however quickly faded.
The rest of Powell's comments:
Like buying the fucking dip.
His full remarks are here.