Tomorrow we prepare for a “new” Fed. It looks a lot like the old Fed, but one can hope.
There are some that hope to test the new Fed. There are some that believe the new Fed might throw a monkey wrench into the rally. There are others that believe the recent bout of weaker than expected data will let the new Fed turn the spigot back on to full.
I have heard all of the above, and heard it from people that are “plugged” in, so at least we know that confusion about how the Fed will behave is something we will have to deal with and that we should get some clarity on tomorrow.