is this just a bear market rally or is the bull back?

last night's market's performance was superior. haven't seen nasdaq up more than 7% in a super long time. all because CPI print is 7.7. yes its good that the CPI is going down but isnt the target 2%? i guess markets are optimistic that last night's 7.7 print is an indicator that CPI is on its way to 2%. i would say its a temporary relief rally that will top out in a few more trading sessions? why? because even though CPI is now 7.7, 7.7 is still a high number. just my $0.02. congrats to everyone who were long before market opened last night.

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  • kuppi
    ·2022-11-14
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    Cannot say whether the market is 100% bullish until we monitor the trend for a month or two.

    We have seen the trend reversing after a big dip many times. We can consider this only as a small term market correction.

    There are 1000s of investors they wait for a dip to jump in. These group of investors can make a bullish market feeling on and off. It works either way. When the market turns bullish, these group starts cashing to create bearish trend too.

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    • Aurochs
      [Like]
      2022-11-14
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    • winnietan
      ok
      2022-11-14
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    • winnietan
      fvvjk
      2022-11-14
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  • Ericdao
    ·2022-11-12
    This is how mkt operate. An improvement means good. Target still far, well, that's okay. When Powell start talking, we close our position. Powell will talk sense back to the investors. Have fun, enjoy the ride
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  • GREEDisGOOD
    ·2022-11-11
    in a bull market nasdaq won't go up 7 percent in a single day
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  • GREEDisGOOD
    ·2022-11-11
    I also feel that this rally will fizzle out in a few trading sessions
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  • GREEDisGOOD
    ·2022-11-11

    Good points made


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  • GREEDisGOOD
    ·2022-11-11
    thanks for sharing
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  • hh488
    ·2022-11-11
    I think it is both. [Sly]
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  • jasmine_tan
    ·2022-11-11
    might be just a dead cat bounce
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  • SnailWalker
    ·2022-11-11
    [Salute] [Salute]
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  • Korer
    ·2022-11-11
    •́⁠ ⁠ ⁠‿⁠ ⁠,⁠•̀
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  • Joe Lamborgh
    ·2022-11-14
    👍🏻
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  • Reann
    ·2022-11-14
    ok
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  • Linearity
    ·2022-11-14
    Gg
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  • Nayazindagi
    ·2022-11-13
    ok
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  • Kenice
    ·2022-11-11
    👍🏻
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  • AliceSam
    ·2022-11-11
    ok
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  • LongZR
    ·2022-11-11
    nice
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  • Saintrade
    ·2022-11-11
    [Smile]
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  • earn a meal
    ·2022-11-11
    Ok
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  • Bonds
    ·2022-11-11
    Bull run
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