 Maybe it's sinking in that Federal Reserve Chair Jay Powell yesterday opened the door to rate cuts later this year, the yield of the 10-year note slipping to 4.17%, dollars slightly firmer, oil tumbling, breaking below $81 a barrel, down a little more than $1 to $80.88, while gold is hitting a new all-time high, up more than $16 to $24.45 the ounce. All this as we wait for this morning's retail sales data, which will tell us how the consumer is doing, if indeed there's a slowdown.