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Don’t stop the music. Investors spent yesterday feeding their Fed disappointment with selling. Still disappointed in Jerome Powell’s Wednesday admission that the recent decline in inflation was transitory, traders sold sending large cap equity indexes down for a second day.

Whipsaw! Traders were whipsawed by the Fed yesterday as Chairman Powell pulled the plug on the rate-cut dance party. The Fed took center stage yesterday keeping rates unchanged but dashing hopes of a rate cut causing stocks and bonds to sell off late in the session.

Signal or noise. Amidst a noisy day of varied information stocks closed mixed in yesterday’s session. Extreme beats and misses combined with mixed global economic news helped the Dow and S&P rally into the close after spending the day in red.

Gentle glide. Stocks rose marginally yesterday in a low volume session on a benign economic number. In the quiet before the earnings storm, traders cautiously drove the S&P and NASDAQ Composite indexes to new highs.

Exceed expectations. Stocks rose moderately on Friday with some indexes hitting new highs after an exceedingly good economic number. Stocks climbed on Friday because the economy is doing well while bonds also climbed because traders are projecting rate cuts. WHAT YOU NEED TO KNOW: 1) The economy is...

Mixed bag. It was a mixed bag of information that led industrials lower and technology higher in yesterday’s session. Earnings misses and weak forward guidance led to a punishing session for some shares while others rallied on small beats and upbeat guidance.