What matters to me is that if people really are disappointed that Powell didn't' cave to the president and they sold futures than they are truly living in a parallel and stupid universe.
What happened with the Fed Wednesday and how to position for what comes next.
There couldn't be two worst analogues to what we have going on this year than those two data points.
What I expect from the Fed this week and how the markets will likely react.
We also dissect the S&P 500's record run, check out China's latest economic data and take a skeptical glance at an idea floated by a couple Fed officials.
Plus, this market is at fair value -- and Alphabet is a reminder of how mispriced stocks can be.
I'm finding it harder to locate sustained momentum.
How all this, plus things like the housing market's New Home Sales, are helping support the market.
I have been preaching that we need to stay focused on price action more than anything else. This week was a particularly good illustration of why.
Among the encouraging signs: Applications for home loans recently hit a nine-year peak and new home sales in March posted a 16-month high.