Been a while since I've seen this much hopium, there's a lot of good feelings sentiment towards the market right now. If Powell doesn't come out hawkish and is even neutral or the slightest bit dovish is a rally pretty much confirmed?
At least, until one of the CPI reports comes in sticky which I'd imagine would be more towards 4%-5% range. I can't see any reason other than price action and hitting previous yearly resistances which could tune down this rally in short term.
If Powell doesn't crash the market than what else could in next couple months? Seems market could run all of Feb., depending how market reacts to what's said next week.
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