The Ongoing Tug of War, Potential Danger Ahead

The first week of March has been filled with the same “tug of war” action that typified the months of January and February, which I began discussing in my first Whispers of 2023.  The two-day short squeeze rally following non-voting Atlanta Fed President Bostic’s comments last Thursday has reversed quite violently this week on Chair Powell’s two-day testimony in front of Congress, as well as the job data that is not showing clear signs of deterioration.  When I take a step bac...

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