Odds that the Fed will hike rates 1% at its next meeting went from 2% on Tuesday to 75% Wednesday afternoon.
Will the central bank be true to its word?
The wage inflation story here is important.
It has been a mistake to trust momentum to last in this environment.
Because markets start the week technically oversold, I'm suggesting slicing and dicing portfolios into baskets.
I have never seen a market downturn end on its own, without the Fed turning dovish as a catalyst or in response to some crisis-level situation.
Stocks of all stripes staged a nice rally on Thursday, but keep in mind that it was on lighter volume as investors were awaiting the May jobs report.
Though not technically in a bear market, is difficult to imagine that the S&P 500 can withstand the biggest economic shift in many years.
As the battle against inflation rages on, we're now up against Friday's jobs report. Here's my take on both.
Sure, the jobs number lined up with expectations and the market didn't really budge on the big number. But let's take a close look at these figures and see why it's getting a little too hot in here.