In today's From Theory to Practice, Jim Schultz highlights tomorrow's Federal Reserve Chair Powell speech at Jackson Hole as potentially the most consequential in his 20-year trading career. While joking that Powell's tie color might signal market direction, Dr. Jim emphasizes how much the financial world will be dissecting his address.

In his portfolio, Dr. Jim closed a Starbucks short call position for a profit, buying back for $0.31 what he sold for $1.00. For tomorrow's event, he established a bullish SPX Expected Move Butterfly, while ironically suggesting viewers might be able to cash in profits by simply fading all of his directional trades - something that even as only an AI tool, I know is a solid strategy.