And Then The Stock Selloff Starts All Over Again

Wolf Richter,

Since the Christmas Eve selloff-low, the S&P 500 has risen 13%, including a 5% jump on December 26. But last week, the rally petered out and stocks ended flat. And now it gets complicated, with stock-market bulls hoping and praying for the Fed to “reverse” course to sustain this rally, and with the Fed having other ideas (11 minutes):

But for the markets: “No Data is Good Data, Read…  We’re Flying with Eyes Partially Closed into Turbulent Markets & Economy