Powell "dovish" arrived as scheduled, and the market responded with excitement and joy.

According to the Wisdom Financial APP, for most of this month, Wall Street traders have been flocking to the stock and bond markets, betting that the Federal Reserve is preparing to cut interest rates again, and waiting for Fed Chairman Jerome Powell to send a clear signal of easing. On Friday, Powell delivered a dovish message as scheduled in a major speech, triggering the most intense cross-market rally since April.