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Will The Fed Make A Policy Mistake?
Fed Chair Powell gave testimony before Congress this morning that was decidedly hawkish. As a result, the probabilities of a 50 vs 25 point rate hike in two weeks flipped from 30/70 before his testimony to 70/30 after, as you…
A Correction Is Upon Us
You are starting to see some of these things stack up. And then the question just becomes, are there enough of these things to tip the market over? – Michael Brenner, Asset Allocation Strategist, FBB Capital Partners, quoted in the…
Market Bounces As Expected But It Won’t Last
I do expect bulls to make a stand next week – perhaps as early as Monday morning. While everything else is technically broken, the QQQ has not cracked yet. While QQQ did take out $390 last week, it found support…
