Traders Bullishly Worried

Equities rebound, but trader confidence remains bruised.

Today is day one-of-two for the Jackson Hole Symposium, and traders are looking for an epically bullish response following yesterday's dovish FOMC Minutes.

Yesterday's FOMC minutes went about as dovish as expected with Reuters (laughingly) expecting three rate cuts by the end of the year … but no recession.

Jackson Hole In View, It's Bearish Either Way

While the market's close in on their previous all-time highs, the dynamic has shifted as explained in “Bread and Circus Finance Is Abundant.”