The narrative the market has taken into account ("priced in") the current economic factors is tiresome. If it did, we wouldn't up at the numbers we are.
The more likely scenario is the market is disconnected with economic conditions, and the low volume seen in this rally are the same set of market participants creating liquidity while the majority watch from the sideline awaiting more news.
The more likely scenario is the market is disconnected with economic conditions, and the low volume seen in this rally are the same set of market participants creating liquidity while the majority watch from the sideline awaiting more news.