Category: Newsletter

Interestingly, despite the Fed continuing to send warnings, "Fighting the Fed" has become the bull's new mantra. From one economic report to the next, bullish investors continue to look for any reason to buy stocks in hopes the Fed will pivot soon. Such was the case this past week as the markets rallied again, heading into the much-anticipated inflation report.

The recent release of the FOMC minutes and stronger-than-expected ADP employment data led to a sell-off early in the week. However, Friday's more robust employment report led to a massive surge in stocks as wages showed some initial weakness. Once again, and having failed to learn their lesson, the bulls piled into stocks hoping for a "Fed pivot."