The market doesn't know if it wants strong economic reports or weak reports.
1) Strong reports are good because no recession fears.
2) Weak reports are good because FED might let its foot off the gas pedal somewhat for raising rates.
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Does it even matter? Big money likes volatility so they can cash in by sucking up retail money up and down on the same day/week/month. That’s my understanding. What do you think?
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Just let FED finish their interest party, we can move on to the next part of the cycle.