Poetic. I tend to agree Mick. Why did Powell make it a point to say he wasn't raising rates in 2019? From two to zero? Hmmm. There must be something they see. By all rights he should have left at least one hike on the table. I mean come on, all you hear about is how great everything is. That's when you need to raise rates right? Get more dry powder for the next downturn. I'm no economist, but his about face should be getting more press from the "experts". Something's got him spooked. But again... I'm no economist.
Yup, most definitely, and / or go into defensives, always something going up while the mkt is tanking.
Futures may go up a tad prior to market opening, often see it trade countertrend prior, that way it gains more leverage.