Financial markets go down the rabbit hole

Just when you thought the financial markets couldn’t get any funnier – they have. One explanation is that bond investors think Powell will follow in Volcker’s footsteps and bring about a deeper recession. So is something happening that could cause the reversal pattern to lose its signaling power? If so, this could fuel a reversal pattern (and cause it to reverse if conditions worsen in the future). [But] We believe this cycle is different,” arguing that a recession seems less likely, meaning the signals from the reversal pattern are false.