Trading volume remains the missing ingredient that prevents me from confirming this rally as the 'real thing.'
We are just not living in an orderly time in the US economy, so to predict orderly stock market corrections is ludicrous.
The Fed was too easy for far too long and now will be too tight, probably for far too long.
They are fighting expectations as much as anything and hammered home their alleged willingness to hike rates in the face of bad economic data.
There are a lot of other major stories besides Powell's speech that investors need to keep an eye on.
All hail the new bull. Same as the old bull? Not a chance.
Here's what to expect in Friday's numbers, as well as my single biggest concern right now.
There's an issue affecting these popular funds that many may not be aware of.
This year's Jackson Hole symposium buys Powell and crew time to figure out how they want to position themselves moving into the latter part of 2022.
Monday's trading action reminded me of a quiet bus ride into the mayhem.