James "Rev Shark" DePorre
Recent Articles By The Author
It is the element of surprise that gives these rallies traction, as those on the sidelines fear they are missing out on the move higher.
Plenty of folks are ready to call it a year and close for business but that may be a positive.
The Fed chairman's sanguine views aren't shared by many market participants, who are unhappy he did not offer more dovish comments on interest rates.
The Fed raised interest rates as expected but the policy statement does not contain any language about a pause.
Perhaps so, but the obvious thing can be the most surprising when there is this much pessimism.