Federal Reserve Chair Powell has indicated that the central bank's balance sheet reduction is nearing its conclusion, with a potential interest rate cut on the horizon for October. These developments are providing support to the U.S. stock market, even as disruptions from Trump during trading sessions continue to pose challenges. Meanwhile, gold prices have surged to a new record high after overcoming resistance and a brief pullback. Market participants are now speculating on the possibility of a TACO (tightening, acceleration, correction, overshoot) pattern emerging in the current economic climate.