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News Story Source: https://www.zerohedge.com by Sven Henrich
Fact is stocks are on their 8th week of uninterrupted gains since the December lows and as of this writing are poking above their 200MA. The pervasive belief is that the Fed will be able to engineer a soft landing once again.
What has changed since the Decembers lows other than the Fed? Nothing, things keep getting more frosty on the macro front and I'll show you some charts that have been making the rounds on twitter in the past few days.
Earnings expectations have been sinking hard which is ironically what bears predicted would happen during the red hot tax cut optimism phase of 2018:
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