Why is the market DEFYING??

  1. 560 Posts.
    With all the data coming out from the US, the market has defied logic and rallied. Is it factoring in a rate cut or is it just pure ignorance? Surely a rate cut would signal weakness in the recovery.
    I believe the market will be in a situation where its dammed if it does and dammed if it doesn't.
    Tommorows figures will be a telling factor i think with some big numbers due out tommorow in the US.
    Opinions from more experienced Hot Coppers would help my understanding.
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