It has become a metaphor for a problem solvable only by bold action.Each one is perceived as the key to what the Fed will do next.Will the market head to new highs as we are seeing in certain areas?We already know what a Fed-long pause looks like.
Until something unties the knot, the market continues to cautiously hold up on low volume, wonky breadth with a huge divergence between small caps and growth stocks.And right now, I am not sure anyone knows for sure how the knot unties and who or what rules as a result.Ended the week on critical support 76.
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