In the last two years investors weren’t presented with many reasons to sell and were conditioned to buy every dip no matter how shallow. Along the way there were a few bumps – regional bank upset in March 2023, correction in the summer of 2023, and the Japanese Yen shakeout in August 2024. There were also times investors held their breath waiting for a FOMC meeting and an announcement about the Funds rate. A few times investors expected an economic report to matter, especially some of the monthly Employment reports. Invariably after the FOMC meeting or the economic report investors...
