Textbook events ahead of Feds meeting

The Feds are meeting this week in Jackson Hole.  I'm observing classic textbook events ahead of Jerome Powell's Outlook.

All major indices and SPDR sectors are down this morning.  Material sector being the hardest hit as of 9:00 A.M. today down 1.15%.

VIX, TNX, and TYX are all trending higher today.

9:35 A.M. Update: