Weak Economic Data Discourages Bulls and Validates Fed’s Inflation Policy

On the surface, today’s stock market results were mixed and relatively unchanged. Deeper analysis indicates sellers are in control and bulls are not as eager to commit new capital, especially in …

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Market Rally Legitimate or a Dead Cat Bounce?

Was today’s trading session a legitimate rally or a dead cat bounce? There were certainly some notable catalysts supporting its legitimacy: 1) the CDC announcement to lift mask requirements for anyone fully vaccinated; 2) Fed bankers defiantly jawboning for lower interest rates in the face of “transitory inflation” data evident in producer prices; and 3) the ongoing improvement in the US labor market. Does anyone sense a “but” statement forthcoming in this analysis?

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