Embrace the fact that this is a bear market and don't try to fight it.
It was what the St. Louis Fed President said regarding short-term rate targets that left the deepest impression.
All the indexes are in near-term downtrends -- except for one.
We're probably not that far off from another bear market rally. That said, trading this market is going to be like doing the booby trap course at Camp Lejeune at night.
Here's what charts and data are telling us.
I am more concerned, for markets, about quantitative tightening than rate hikes.
The march toward positive real yield territory has put the whammy on equities, primarily on tech or "growthy" type stocks that have run at higher valuations.
The mood has shifted sharply in the past week.
The indexes manage to register a mixed day on Thursday as St. Louis Fed President James Bullard speaks on the fed funds rate.
Uncle Sam loves to spend, and the Emles Federal Contractors ETF has a novel way to make money off of companies that rely on federal dollars.