I think the tenor of tomorrow's report will allude to "everything is still on the table". Those housing numbers today... and the strong jobs reports.... there's no way she can't say two hikes are within the realm of possibilities. Either way...I don't think there is anything she will say that will move the broader markets higher. Risk/reward points to being overall short tomorrow IMO.
From a rational perspective I would agree. Seems very difficult to go higher on anything from the Fed here, but the market is often irrational.
Only hours away from the fed results on interest rates....have zero worries because everything that was said at the last 29 meetings will be once again said again at today's meeting so just kick back and let the fed control the market as they once again leave interest rates at historical lows......only way to keep the market bull in tact is through the central banks easy money policies.....
Is it part 3 or 4 or 5....the fed knows how to create any and all asset bubbles but no one sees them until after the fact....the saddest part about our economy over the last 30 years is nearly all the gains has come through the creation of asset bubbles....zero zero zero organic growth left in our economy zerrrroooooooo. All growth is make believe like unicorns and the pot of gold at the end of the rainbow.
They need to wake up and move rates higher, or this will end badly. What started as a punch bowl that no one could pull themselves away from has turned into a swimming pool. The FED has tremendous cover here to move rates incrementally higher.