I continue to focus on stock picking and have plenty of good action.
New leadership is emerging, stock-picking is robust, and the Fed is likely to offer continued monetary support.
The FOMC, and Powell himself, will have to address the central bank's plan to target average consumer level inflation over time.
Also, several scheduled events this week, election risk, earnings to watch.
The Fed's money pumping has elevated new tech, but Jay Powell and the government haven't done any favors for many other stocks.
Plus, federal legislators fiddle while the ranks of the unemployed continue to burn.
Here's why your stocks matter little to the Fed, and how the selloff seeped into the credit markets.
My bet is the grinding is over, and the volatility is here.
With unemployment at 10%, the 'water in the pot' is pretty cold.
How September markets digest August ahead of momentous events will be far more important to uptrend maintenance than how August closed.