The Stock Market Bounce Continues As Powell Testifies (But Is It Enough?)
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The stock market (sp500, QQQ) bounce continues as Jerome Powell testified today. The market felt at ease with his words more so then they did the FOMC minutes that dropped the previous week. All eyes on tomorrow is going to be the CPI data. will it come in hotter than expected where the stock market will price in another rate hike? Or, will it cool off fueling a continuation of a stock market rally? Lots to discuss in today's episode!
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