Goldman's Flows Guru Warns "The Pain Trade Is Now Lower From Here"

....and just like that, he was gone.

In a short statement and brief press conference, Fed Chair Powell stole the jam out of the market's melt-up donut yesterday and with it the hopes and dreams of so many chasers and potentially ending the SOGU era (Stocks Only Go Up) for Davey DayTrader, and the YOLOing TikTokers.  (h/t Nomura's Charlie McElligott).