This is a side story that is not getting a lot of coverage.
The current Fed Chair's admiration for the legendary Fed chief who wasn't afraid to jack up rates to tame inflation may have been caught a day late.
Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.
Our recent suggestion of doing some nibbling in stocks remains intact -- with one caveat.
Has the FOMC heeded Market Recon's advice? Probably not.
At these levels, this dynamic has frequently resulted in powerful market rallies.
All eyes will be on the Fed this Wednesday to see if this 'weakness' will or can cause them to reverse their policy.
Neither of these common strategies are working for traders this year.
Markets will either confirm or deny Monday's bullish reversal this week. Traders are already up to their eyeballs in water snakes and alligators.
I am selectively doing some bottom fishing in busted IPO territory.