Bull market tested as volatility spikes, overheated assets cool off. The testing may not be done

A turbulent week on Wall Street ends with a "Thank Goolsbee, it's Friday" rally, after the Chicago Fed President used a CNBC appearance to refocus investors' attention on the still-encouraging trend in inflation and the likelihood that interest rates still have room to be trimmed in the context of a healthy economy. Friday's 1.

mountain MicroStrategy, 1 month The divergences inside the market got stretched to the point of brittleness, and the steady rise in Treasury yields alongside a rollover in the economic-surprise indexes made for an uneasy setup for Fed Chair Jerome Powell delivering an indecisive and somewhat dissonant outlook for a "new phase" of wait-and-see.

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