Will be interesting to see what (if anything) can derail the incredible momentum in the market right now. We had every excuse to sell off after the Fed meeting. When we got the expected pause, but a more hawkish Powell. A couple more rate hikes this year is a far cry from the rate cuts people were hoping for a short time ago. Markets sold off for what an hour before recovering somewhat. Then it was off to the races again yesterday.
A normal, healthy pullback wouldn't be the worst thing for the Nasdaq after the insane run it's had YTD. Because if we just keep ramping higher & higher, the risk of a market crash will also be increasing.
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