The Fed needs the justification from the data to be able to cut -- it does not have that green light yet.
The more I look at this market worldwide, the more I think bonds are going to rally.
President Trump uses economic leverage instead of infantry divisions to defend U.S. interests, and Advanced Micro Devices regains lost ground.
Shorting individual stocks is going to be a very lucrative summer trade.
Here's how to read and react to Friday's important numbers.
The market's Pavlovian (and recently bullish) reaction to lower interest rates may be wrong
Anything weak is a positive to be excited about and anything strong is a nightmare because that might stiffen Powell's resolve to keep rates where they are instead of cutting them.
This is why rates rose the day the Fed made such strongly dovish comments, and how you should manage your fixed income portfolio in response.
Powell may have his hands tied behind his back, as consumer spending, inflation and labour market indicators are still resilient.
This may be a case where the short-term damage to markets may be for the best in the longer run.