I think the bottom, capitulation, etc. will probably come when unemployment starts ticking higher. That seems to be last thesis of the permabulls on bubblevision. That seems far away since supposedly there is 2 jobs for every 1 person looking. That's probably a mirage anyway.
Make or break situation developing, all on the wrong side will be in deep trouble. If nothing happens today, I'm staying out. S&P +40.8 +1.05% Naz +77.3 +0.65% DAX +78.3 +0.56% FTSE +90.0 +1.22%
Any predictions on Powell speech tomorrow, will he be dovish or hawkish and how do you think this will affect markets?
Tomorrow's speech will be a low-impact event considering the venue, "pre-recorded opening remarks at the National Center for American Indian Enterprise Development Reservation Economic Summit, in Las Vegas", as compared to the release of the Fed meeting minutes on Wednesday. THAT's where we'll see some action.