Pre-market optimism, with stock index futures and commodities trading above fair value. However, the market's direction remains uncertain as all eyes are on the Jackson Hole Fed meeting, where Chairman Powell is set to speak. Discussing the recent pullback in bonds and its impact on the stock market, as well as the mixed performance in currencies and commodities. Notably, higher bond prices and a downtrend in the U.S. dollar have provided support to the stock market, but Thursday's slight rebound in the dollar and bond yields created some tension.
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