Investors were hoping that inflation is cooling and the market rallied in the early half of the year. Powell and team will then come out and say that we are not ready for pivot. The market tanks.
Then another catalyst such as AI boom will bring the market up again. Next moment, you will have a surge in treasury yields or poor earnings to bring the market down.
Like a hamster in a wheel, this will go round and round.
Eat Drink Earl Grey : gdp high may mean more inflation Powell hawk market tank. gdp low poor prospects market tank. where's the sweet spot?
razo2 Eat Drink Earl Grey : that will send the market to hell today. lol