Highlights
• Powell tries to walk back the easing in financial conditions, “closing the door” on the recent rally
• Market breadth remains uninspiring and divergences abound in the economic data
• Need some FIBER in your diet? The leading indicator is hooking lower again
• Inflation meltdown continues, nothing sticky here according to the San Francisco Fed
Keep reading with a 7-day free trial
Subscribe to Early Morning with Dave to keep reading this post and get 7 days of free access to the full post archives.