Anyone at the Fed worried at all about job and wage-driven inflation will have to talk hawkish now.
Bearish logic combined with short squeezes and poor positioning is producing jet fuel for more market upside.
Plus, the most important thing that Powell said on Wednesday and why it's both good and bad.
This is the kind of day where even seasoned traders can make careless mistakes.
Plus, a look at Wednesday's wishy-washy market action, the Treasury yield curve, Chevron's coming earnings and Lael Brainard's possible exit from the Fed.
Watch this hour-long private event with the legendary investor as he shares his views and outlook on the market, the Fed, stocks, crypto and much more!
CEO speak will be as important as anything the Fed Heads say this week or anything that spills out of the clown car in Davos.
Bulls face a big hurdle, but there a few things helping their case.
If Raphael Bostic's intent was to put the rally back in the box, then mission accomplished. If this is how the broader FOMC thinks, then uh-oh.
Much of the truly horrendous and contractionary macroeconomic data over the past three weeks or so were released after the December Fed meeting.
Technically the market is in miserable shape.
The hedge fund manager may have projected 'group stink' and too much 'first-level thinking.'
Let's check the Nikkei Average and the broader Topix Average.
If you think that a 425-basis point increase is not contractionary, I would advise you to finance something like a house or a car. It's simple math.
The Fed should have used a scalpel in executing recent policy adjustments. It chose to use a sledgehammer.
The S&P is around the same level it was at the end of the day on the last CPI report.
Put plainly, professionals were buying stocks hand over fist on Wednesday, in what was very nearly a state of heated panic.
The holiday cheer is likely to be temporary, as the statistics for the Monday after Thanksgiving are not very positive
How did I get so bullish on bonds? Several factors.
Jobs, in all likelihood, will be the LAST shoe to drop in any economic weakness.
There are two ways for a market to work off froth: time and price.
Capital Group has taken aim at building out the fixed-income side of its product suite with the launch last week of three new bond exchange-traded funds.
Higher for longer is how hard landings are built. The U.S. economy is now on a collision course with destiny -- unless more sentient heads prevail.
This week will see more earnings, the FOMC policy decision on Wednesday, and the October Employment survey data on Friday.
A big runup into the Fed decision is going to create a very dangerous technical setup for the bulls.
The broader market is benefiting from several factors that are counteracting FAANG +M.
Meta will be tradeable. On that, there is no doubt. Is the stock investable? We'll see.
The concern is that these big-cap tech stocks are a warning of much broader economic weakness.
A top in the dollar is not only possible, but probable -- and a weaker dollar would unhitch the plow on nearly all assets.
All this Fed speculation is not a pivot. It's simply practical.