Mixed signals for stock market as traders await key data and Fed meeting.
TL;DR Summary
US stocks closed slightly higher on Friday, but European markets traded lower as economists expect the European Central Bank to raise rates further. JPMorgan's Chief Investment Officer Bob Michele warns that the current rally reminds him of the 2008 financial crisis, and he is "highly confident that we're going to be in recession a year from now." Cryptocurrency tokens plunged last week after the SEC sued Binance and Coinbase, and Donald Trump was indicted on federal criminal charges. Despite calls that we're in a new bull market, it's not so certain, especially since the S&P is still more than 10% off its all-time high.
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