Market/Economic Disconnect Intensified Despite Unexpected Rally

The market narrative is shifting quickly due to a rapidly changing landscape, notes Massaud Ghaussy. He talks about how the market/economic disconnect intensified despite an unexpected rally. He notes there is potential to see turbulence ahead in significantly tighter monetary policy regime. He goes over keeping up amid shifting market narratives. He highlights the employment situation report for July 2023 where non-farm payrolls came in at 187K versus an estimated 200K. He questions if recession fears are abated? He looks at the Fed's impact on the markets and previews the July 1023 CPI data which will be released next Thursday. Finally, he outlines the significance of this summer's rally. Tune in to find out more about the stock market today.