[Warsh's first Jackson Hole speech](https://www.marketwatch.com/story/how-will-stocks-perform-when-the-fed-chair-speaks-at-jackson-hole-heres-what-history-tells-us-1f9466d0?mod=mw_rss_topstories) as Fed Chair is supposed to be the turning point for duration equities. But prediction markets are already pricing out a "bond market" mention and a "rate cut" mention — which is actually the tell.