The big bear breaks
20% later, Mike Wilson of Morgan Stanley finally changes his bearish tune
New Day Same Bull: after 20% rise we can finally admit it’s “Bull Market”
The market has, in hindsight been in bull mode since October.
Fed chair says it’s time to start stepping down rate hikes
Daly said "the time is now to start talking about stepping down.“
Stock traders almanac: October is historically a “bear market killer”
Lots of historical catalysts are arriving soon: midterm elections, the 4th quarter “Santa Rally”, the 3rd year of a presidency, and a potential end to interest rate hikes.
Early S&P earnings results: 73% earnings beats
Earnings reports aren’t consistent with an economy heading into a downturn
Retail sales rose 1% in June
The retail report shows that consumers have been mostly resilient in the face of the highest inflation rate since November 1981.
“This isn’t a rerun of the 1970’s” - Siegel
“Today’s valuations look quite attractive,” he says.
Commodity prices are dropping, implying inflation has peaked
Prices on oil, corn, wheat, copper and more have been quietly falling for months
This second half stock market indicator is 5/5 since the Great Depression
The average returns after the S&P starts the year down 15% or more: