Like's the FOMC pause for the time being
March meeting says same thing for now
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
like sheep most of them. Just do what the boss tells them to.
We still have the big dislocation between SPY and HYG that started in mid-2012 and took off shortly after.
Everyone cheers the markets going up for now but this bifurcation is still embedded in the markets.