Trader: Here Is The Only Way This Can End Well

Ok, so at this point (and this is a particularly apt discussion going into NFP), it's abundantly clear that the only way this "ends well" is if the "bad news is good news" regime stays in place and the "bad" news gets less "bad" at a very, very gradual pace. That is, risk assets habitually interpret things like lackluster CPI prints as "good" news because those prints presumably constrain policy makers in their quest to normalize. Effectively, traders are hoping that poor incoming data will ac