In the up and down environment, the buyers retake control
I know it must sound like a broken record, but we are a product of our environment. And the environment is one of alternating from bullish to bearish and bearing to bullish (or so it seems). The most recent wiggle (or are we on a waggle?) is back to the bullish side as the FOMC minutes showed a Fed that is still unsure about “when” and “most of the market” interpreted that as later rather than sooner.