“With all this bull$#*!
there must be a bull in here somewhere.”
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“With all this bull$#*!
there must be a bull in here somewhere.”
20% later, Mike Wilson of Morgan Stanley finally changes his bearish tune
The market has, in hindsight been in bull mode since October.
When your partner is on a drunken hot streak at the casino, at some point you should speak up if most of his winnings are being “reinvested” in sucker bets and tips to the cocktail waitress. Last year, tech shareholders spoke up.
Stocks have beaten analyst estimates by an average of 5% this quarter, indicating analysts have been far too pessimistic going into the year. That pessimism may not continue.
Blink and you missed it- the S&P 500 is up 7% YTD and nearly 15% since October 1, 2022. As usual, stock prices arrived before the data did.
