Two big points lead into what Jay Powell will be saying in Friday's speech.
Let's check out a few charts of the popular TLT which is the iShares 20+ Year Treasury Bond ETF.
Markets got hit hard in May when trade talks broke down and the president instituted new tariffs, but things are different now.
The catalyst for equities is now out of the bag, it is just a matter of finding companies with that catalyst before everyone catches on.
Beware the old way of thinking about the Fed.
But trading calls and puts in Amazon requires you to know your risk tolerance big-time.
This appears to be one of the most spirited debates within the Fed in several years.
Look for Christine Lagarde to turn the ECB into a champion of fiscal stimulus.
The Fed can't justify a rate cut soon on the strong jobs growth data. Expect bond selling and a follow-on hit to equities.
It's time to move past the 'bad news is good news and vice versa' mentality.