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If Jerome Powell blinks, the market will flourish

maybe is better if Powell become more dovish

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Fed Chair Powell has plenty of reason to temper his enthusiasm on the economy when he speaks Friday. Andy Brenner at Natalliance Securities says he'll be watching the Fed Chair to see ``if he blinks.'' If he does, it'd provide a background for bonds to gain, and sliding yields would support stocks.

Shares are schizophrenic, 2-year Treasury break-even rates are in freefall and talk about four rate hikes this year seems to have disappeared. Fed officials are warning the trade dispute between the U.S. and China may dim the outlook. Climbing yields are what undid stocks in February. When it comes to rates, it's time to tone down the rhetoric a notch.

Source: Bloomberg Pro Terminal

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