James "Rev Shark" DePorre
Recent Articles By The Author
The market has been running on hopes of a dovish Fed, but when will the market stop celebrating the same news over and over?
The reaction to earnings will be colored by how they may impact what the Fed will do next.
Now the focus is on how many more cuts will follow.
The market tends to react favorably to even a hint of Fed dovishness and that is what the market is counting on as Powell testifies before the House Financial Services Committee.
The battle lines are clear.
There are plenty of negatives out there right now, but the price action still indicates some underlying optimism.