POST "PAUSE"

Future market indicates a green market opening, and a couple of good earning reports helped as well. The market wants to rally, you can feel it. Is a rally sustainable? I doubt about it. Fundamentally, the "PAUSE" did not resolve any issue. We still have concerns about inflation (hence potential rate increases in September and December), and slowing economy. Every economic releases will bring out talking heads, speculating the Fed's next move. Furthermore, I see no leaderships, without which I have a hard time to see the market rally meaningfully. Having said that, you have to take what the market gives. A rally, even a short one, would be welcome in this rather difficult year.