The market has fallen for nearly 7 straight days and we experience one massive green day and now people think a soft landing is possible. This is the problem with day traders and most people on Reddit. Just because people were buying near an oversold territory does not mean the market is in for a whole new rally and Jerome Powell will pull off the greatest soft landing in history. Just remember the Fed is still vocally Hawkish and will tamp down on inflation even if there are signs that it is falling. The pivot narrative is over and somehow people can't accept it and cope on green days like today.
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