Kevin Warsh gives his first Jackson Hole speech as Fed chair on Friday, and with no policy record for the market to anchor on it reads as a two-way risk. Two days ahead of him, core PCE is forecast to accelerate to 0.3% while GDP is revised lower, a hot-inflation, slowing-growth pairing. Last week's Treasury buyback lit a debasement trade that carried gold and Bitcoin to fresh highs and sank the dollar. This sheet carries the full Jackson Hole calendar, five weighted lanes led by the positioning run into Warsh, and ATR-sized levels with invalidations for five assets.