Only 12 hours left until Waller's debut. Currently, CME shows a 99.6% probability that the Fed will hold rates steady. At the start of the year, the market was happily betting on rate cuts, but now the dot plot might shift from *one cut* to *no cuts at all*. What's even worse is that the market has been overly optimistic with the U.S.-Iran peace talks and the oil price crash. Expectations are way too high, and everyone is betting on Waller being dovish. If he's anything less than super dovish, the market will immediately react hawkishly and tank. Feels like us bulls are in a bit of danger…