MBCC TH 13th Mar'24 - "S&P 500 – Powell made a HUGE mistake in December calling for 3 rate cuts, market has become a beast that refuses to be contained...but Bond market is going the other way?"

Why did the market bounce hard yesterday after the CPI and Core showing a higher number? What is the market seeing that the data is NOT?

The answer lies in the Fed FOMC on 20th March….Fed is beholden to the Bond/Rates market as it was forced to u-turn in December, but today will it be forced to u-turn again?