Looking weak, no surpriseAs I said yesterday, BBD had stellar results, had a brief pop and then sold off. All analyst upping targets and credit ratings upgrades too. This is a brutal market. The best a long can hope for is stock price preservation.
Not until the FED loosens the noose around its rate tighening will the market be freed to run. Let's see what Powell says today. A 1/2 bp is baked in but it's the language that matters. Is a pause near or is he still banging the drum that "pain is coming" and he "will do whatever it takes". Not the thing investors want right now.