Jay Powell and the Fed continue to send mixed signals in their hints of things to come, and traders don't know what to make of it. They must be getting whiplash by now.
I suspect we'll still be in the dark until the June meeting. They seem to be being cagey on purpose. What sort of hammer will fall in a few weeks? Beats me.
In the meantime, the 4200 level on the S&P 500 was briefly broken to the upside. We'll see next week if it's just a blip or if there's some actual bullish sentiment out there.
I can't help feeling, though, that there's a huge shoe about to drop somewhere. Just a feeling.
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