The More You Know, The Less You Know

I will officially tone down my bearish view on the market unless there are more negative news to justify the view.

Everyday, it seems the more I learn, the less I know about the market. It is pointed out to me that the US yield curve is normal or positive. From this knowledge, it is better to hold a less bearish view.

If there is change in the yield curve from normal to flat, that might raise a few flags.

The market reacted negatively to today's CPI numbers would likely mean that the Fed would reconsider its aggressive rate cut position and take a more hawkish inflationary watch MODE.