The Deeper Dive: Pop Goes the Weasel or How Powell Popped the Pivot

(Though that didn't stop the monkey market from just postponing its pivot fantasy by two months for another run around the mulberry bush.)

Photo by Brent Jones on Unsplash

The stock market has chased Powell’s words round and round like the monkey chased the weasel around the mulberry bush. It has done its best to turn every Powell talk into a drug for a new high. This week, however, the weasel popped up and bit the monkey on the nose. Pop goes the weasel! While it was a sharp bite, that did…