I highly doubt stocks will rip in Q4 but this type of
sentiment is what the bears need to see. We will respect the
trend until evidence changes - project, monitor and
adjust.
There’s a huge misconception that the fundamentals have gotten
better. Just because stocks are up 10% off the lows, it does not
mean the economy has improved. We have a topping housing market
with the Fed raising rates into a recession. Recessions simply do
not end overnight. In addition, the SPX relative to GDP is
around 180 percent.
This advance is different than
Posted by steverobin on 2nd of Aug 2022 at 10:44 am
This advance is different than March. Stocks and Gold should rip in the fourth quarter.
I highly doubt stocks will
Posted by steve on 2nd of Aug 2022 at 11:25 am
I highly doubt stocks will rip in Q4 but this type of sentiment is what the bears need to see. We will respect the trend until evidence changes - project, monitor and adjust.
There’s a huge misconception that the fundamentals have gotten better. Just because stocks are up 10% off the lows, it does not mean the economy has improved. We have a topping housing market with the Fed raising rates into a recession. Recessions simply do not end overnight. In addition, the SPX relative to GDP is around 180 percent.
The stock market is not
Posted by steverobin on 2nd of Aug 2022 at 01:53 pm
The stock market is not the economy. Looking at long term trend cycles.