Stocks Are Crashing - Dow Dumps 900 Points, Banks Battered

Not only "not dovish enough" but Powell confirmed that the balance sheet normalization will continue on auto-pilot (also tightening financial conditions)...

“The balance sheet is on auto pilot, we don't see balance sheet runoff as creating problems".

Stocks don't like it... Dow futures are down 900 points from their post-fed spike.

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The entire equity market is being taken down...

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And banks are dumping...

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