Something tells me there will plenty of 'Black Friday' bargains to be had this year.
Plus, all US big banks pass the latest Fed stress test despite tougher standards, and a quick look at Dollar General.
I'm mindful of the challenges of executing a soft economic landing, but the potential for the positive optionality of expected outcomes is expanding.
We'll see how well things hold up today when Chairman Powell wraps up his testimony.
The biggest problem is that it is impossible to accurately discount what the future may hold because it is so uncertain.
Despite Wednesday's hit, XLE remains the only sector SPDR ETF still up year to date (+34.8%).
The Fed chief can spur a bounce while he is speaking, but after he finishes, the selling eventually begins.
The action is not easy to game.
It's really very simple.
Whether talk of inflation or recession dominate could signal a lot to investors as the Fed talks to Congress Wednesday and Thursday ahead of the bank 'stress test' report.