If and when the Fed pivots, you will know that things are about to get ugly. A Fed pivot will be your sign to assume crash positions. Powell learned from studying Volker, what a premature pivot will do. It will perpetuate inflation, and it will be far harder to get back under control. If the Fed pivots, it will signal the last dying gasps of the US Dollar, and when that happens, things in the US will never, ever be the same again. The US Dollar loses reserve currency status, the US will lose its rank as the world's number one superpower, and the Fed knows this.