Thursday is now the “big day.”
“How bad do you think it’s gonna be?”
Well, there’s not a lot going on in the week ahead and by that I mean there’s so much going on that you couldn’t plan for it even if you wanted to.
It was a good day for the “future.”
Maybe Lou Dobbs changed his mind, or maybe Trump held another straw poll, or maybe he just woke up on the “Powell side” of the bed this morning, but according to sources who spoke to Bloomberg, Jerome is going to get the job.
“Narratives often dominate fundamentals for weeks at a time. Often, old data will be looked at in a new, supportive light when the story shifts, while fresh, contradictory information is dismissed.”
Now back to your regularly scheduled rally.
“You will ride eternal”, reckless, gold leaf, and outrageous…
Anyone home out there?
As usual, the docket is full and the risks are multiplying.
“The answers point to a still tentative but nascent picture of markets that want to test the bullish dollar, higher yields and stop fixating on the equity correction you just know is coming.”
See there? That’s the reflation narrative coming back!