After retracing 50% of the losses, stocks are at a crossroads. Before we move forward, let’s step back and simply describe how we got here.
Going into the second quarter, investors got too bearish based on positioning and sentiment. Both individual investors and institutional investors alike wanted no part of stocks.
Going into the second quarter, investors got too bearish based on positioning and sentiment. Both individual investors and institutional investors alike wanted no part of stocks.
And then when earnings turned out to be mostly better than feared, on top of inflation expectations…
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