The economy is either growing rapidly or slowly. Inflation is either spiking or disappointingly low. Earnings are just great — except when they’re not. Today’s “market” is like one of those carnival fun houses, complete with the curvy mirrors that distort reality — just, without the giggles.
Futures sold off sharply after the close yesterday, and have since rebounded to a small gain that, at this moment in time, represents a backtest of the stubborn TL that served as support for two long weeks.
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