You can see it in the pre-market charts: once the Employment Situation numbers for July hit the tape, three of the four major indices fell like a stone. Only the blue-chip Dow, still -0.74% points at this hour, has remained on the table. The S&P 500 is -1.77%, the Nasdaq -2.44% and the Russell 2000 -4.26% at this hour.Fingers Pointing Fed Chair Powell’s DirectionJust as analysts warned months ahead of time that the Fed needed to start raising interest rates as inflation was clearly hitting the economy, thos ...