All three main indexes have now come out of correction territory.
The S&P has crossed the 4,177 key threshold from June but is still below the 4,232 one for a 50% recovery upside.
CPI yoy% is trending in the right direction even though still high.
I’ve seen conflicting comments but it sounds like the Fed might be easing the interest rate hikes by year end.
Michael Burry now predicts that the Fed will start cutting rates again end of this year.
What are your thoughts on where the market stands? Was June the bottom and now has been confirmed, or is this another bull trap in a continuous bear market?
Leave a Reply