Consumer sentiment continues to be very low. However, news out of China is the lockdown is easing which means supply chain bottlenecks will lessen which should result in a decrease in price pressures. On top of that we are likely in a recession or at least stagflation. A lot of mixed signals. And the icing on the cake is that 600 million dollars has poured into Cathie Wood's ARKK fund since Mid-June, in other words in the past 2 weeks. That implies some big investors, probably hedge funds and/or institutions, are betting on a turnaround in the next couple of months. We will see.
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