S&P was up almost 18% from the bottom in Jun22 but still down 11 % from all time high in Dec 21.
Looking at the market psychology chart, we must remind oursleves, at tops market euphoria and greed ignores poor fundamentals, and then at bottoms markets ignores improving fundamentals because of pessimism and fear.
With strong emplyment growth, cpi cooling yoy, pce unknow, high interest rates, oil price coming down. The indicators just doesn't seem to add up.. it could just be a dead cat vounce after all..
Which stage do u think we are at now? A Denial? Bull trap?
Feel free to comment :)
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