I don't think So ❗The rise was just happened to be the big tech companies earnings beating analysts estimates. Now, some come out to adjust their next Q numbers downwards like AMD, WMT n etc.
Yes, oil price comes down. It has lagging effect of at least 3 months to tame the inflation. Old inventories need to be depleted. Will OPEC+ increases crude supply is still a question.❓
Other factors such as Ukraine war is still there. Food supplies are in constrained.
US-CHINA tension still high due to Pelosi problem 🤔
1 good factor, US individuals savings are at highest PT which means Retail players still got money to help meme stocks but fund managers are doing the opposite I guess. The best case is volatile markets in play if not trending downwards ❗
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