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Bear Market Rally Approaching Resistance
My best guess is the current 11% bear market rally could go a little further yet (e.g. maybe 5-6%). However we are now approaching a technical area of resistance. I also offer a new trade on TLT… on the thesis that yields will reverse course at some point in 2023
‘Fed Whisperer’ Spurs Market
The rally is on… but how far can it go? I will share my thoughts. And whilst we’re likely to see a short-term shift in sentiment… longer-term headwinds remain.
Short Term Rip… Then a Bigger Dip
Another bear market rally or something else? My view is the former until proven otherwise. For me, we need to see yields and the dollar peak. But in the meantime – don’t be surprised to see this market add 10%+ before pulling back.
Does the Bullish Case Hold Water?
Markets tried hard to rally this week – but was met with strong selling. I lay out both the bullish and bearish case… where I favor lower prices with a S&P 500 target of 3200