…are out of whack.
I’m reading the tea leaves…as government paper is screaming, “Only morons are buying stocks right now”.
My $0.02.
Jobs data, and CPI, better be fantastic tomorrow…or else, stocks are going to come down hard.
On moderately better than consensus data – stocks flat, oil flat, treasuries down.
On moderately worse than consensus data – stocks down lots, oil flat to moderately lower, and treasuries moderately higher.
I don’t see a case where stocks take off north. Of course, a huge surprise would do it, but it’ll have to be a monumental surprise.
Updated at 8:38 PM EST.