It?s a rally. The markets are all finished in the green to close the week. The only thing that changed is that an increasing number of experts are beginning to believe that the Federal Reserve will not raise interest rates more than 75 basis points at their next meeting. And in a week that brought a lot of bad news regarding inflation, investors had to cheer the news that the long-term inflation outlook is at its lowest level in a year.

However, we would caution investors on getting complacent. The market is going to continue to be volatile. Next week, earnings season will begin in earnest. There are still expectations for a profits recession. Several companies have pre-emptively lowered their already lowered guidance.