Personally I think the fed very specifically does not want there to be a big market rally. Given that, if you get a big up move tomorrow I would bet Powell says something designed to wreck the market. My suspicion is the fed wants to ensure some of the financial pain from tightening is shared by investors instead off all of it coming out of the pockets of waitresses and line workers in the form of lost jobs.
I don’t think that’s exactly unfair given the bonanza level returns the markets have seen in large part due to the money printing that got us here.
Has Josh Brown been back on CNBC after his disastrous call? Pretty much the exact opposite of a face ripper rally. Haven't been home to watch CNBC this week. But I'm guessing even the permabulls with their ridiculous yearend S&P targets near 5,000 might finally be throwing in the towel...