The S&P 500 is up 14% from its June lows. But from mine, this is still a bear market rally. The Fed is far from done.
"Macro / Economy"
Walmart Cuts Earnings b/w 11% – 13%
Add Walmart to the growing list of names slashing guidance. But this one is notable… especially given their read-through on the average consumer. What did we learn from the US’ largest physical retailer.
Forget Snap… There’s a Much Bigger Picture
Next week we have the Fed (expected to raise 75 bps) and big-tech earnings. Both will move markets – but I give more weight to what we hear from Apple, Amazon, Google and Microsoft.
Bear Market Rally? Or ‘the’ Bottom for 2022?
Some feel the bottom could be in for 2022. They might be right. Who knows? Sentiment has not been this negative since 2008. However, I think probabilities still favour lower lows.
For a full list of posts from 2017…