The stock market is sending mixed signals at the moment, caught in a tangle of overlapping anxieties. Predicting its next move depends heavily on which narrative you want to believe.
Adventure No. 1: Trouble with banks
You could choose door No. 1 and subscribe to the dominant concern of the week: A number of high-profile bankruptcies in consumer-facing industries may have exposed an underlying economic weakness that threatens parts of the banking sector.
A small number of regional banks have reported some bad loans this past week. The bankruptcies of a major auto parts company and a subprime auto lender have exposed bigger