Michael Batnick

Because that is what's driving the stock market.

And I know it's like sort of a circular conversation.

On the economic side, I would agree with you.

But on the stock market supply side, so you wrote a piece about narratives following the stock market itself.

And that's almost always the case, right?

Like the stock market falls and we're looking for reasons as to why it did what it did.

And I'm 99% with you.

I think in this particular recent sell-off, I think the narratives were pretty clean and actually shouldn't be swept under the rug.

So, for example, Broadcom's revenue miss, yeah, whatever.

I mean, Micron had a massive beat in March.

The stock sold off 30%.

And then it rallied 300%.

Right.

Right?

So, like, there's a lot of short-term noise in here.

Yeah.

But...

The, I think the strong job numbers and the rewriting of expectations for rate hikes, I think is real.

Um, I think the, uh, real in terms of it's having a real impact on psychology, it's having a real impact and it's, it's, it's in the, it's in the market.

Like people are expecting the fed to raise rates.