By most measures, this market should be struggling. Inflation has remained stubborn, rate pressure hasn’t let up, and geopolitical uncertainty still looms in the background.
Instead, the indices keep pushing higher.
Scott Bauer has a specific view on why that is, and what could take the wind out of its sails.
Before today’s Fed announcement, Scott joined Jeff Praissman on the IBKR Podcast, where he discussed what he believes has been fueling market optimism, and two threats that could derail it.
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Scott covers:
- What surprised him most about the market’s behavior this year
- How unusual call buying in the indices is fueling market optimism
- The two specific events he believes could catch traders off guard
- Why he believes the market could be comfortable with rate pressure
- What the 10-year yield at 4.40 percent could be signaling right now
