Powell could tilt hawkish this coming week, but larger narrative is Fed "disinflation" is a massive course correction. Strong Jan equity returns borrowing from Feb, but dip buying still makes sense.

The January jobs report was strong = Fed wary, but also means US not in recession = good

The strong January jobs report (+517k vs 188k expected), along with strong JOLTS (aka job openings) and Fed Daly's comments (hawkish), was overall too "hawkish"-ly tilted for equities, and thus, the sell-off on Friday.

the strong jobs was a too much of a good thing as it risks an escalation of Fedthis naturally raises the potential for Powell to tilt more hawkish this coming Tuesday when he speaks i...

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