Fed Impotence Exposed: TSY Yields Are Collapsing, Dow -1400Pts From Post-Powell Highs

• Fed Impotence Exposed: TSY Yields Are Collapsing, Dow -1400Pts From Post-Powell Highs
  by Tyler Durden, https://www.zerohedge.com/
  Did The Fed just swing from omnipotence to impotence?
  It seems an emergency rate-cut of 50bps has done more to damage confidence that rebuild it… “what do they know?” Did The Fed get an early glimpse of this week’s payrolls data?
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  The Dow is down 1400 points from the post-Powell rate-cut spike high… The S&P and Nasdaq have broken back below key technical levels… And bond yields are crashing…with 10Y Yield breaking below 1.00% handle for the first time ever…
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