I was still very bullish with this run about 10 days ago. Then on Tuesday, Chicago Fed Evans flagged his own monetary policy, the Evans Rule. He doesn't want us to be the United States of Japan. I liked his policy as I don't much like the IS/LM model which is (Investment Saving–Liquidity Preference Money Supply) - a macroeconomic tool that demonstrates the relationship between interest rates and real output in the goods and services market and the money market. Interest rates will still remain stable regardless.
We need to get thru non-farm on Friday. Maybe most being 180.000+ of hamburger flippers, but I doubt the 7.4% will change. We also need to get thru the Fed meetings on the 17 -18. Time is on our side and our next earnings report should start to prove that.