This pain in the ass summer rally will not pay heed to CPI or FED dot plan. The AI fueled craze rally will turn this bull market into bubble market with little regards to downside risks or macro economics. Almost all TA points to a rally unless we have some very drastic and unexpected factors like a FED hike or 0.5% increase for core prices. Maybe a combo of both is needed. The market is heading towards AI dreamland this summer and an ugly crash is coming up when we least expected it to come. Investing and trading stock market without a correction right now will be like drabbling in GME. Just hope you are not holding the bags when the crash comes!
Modify on 2024-06-12 19:23
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