The solid rally in the S & P 500 last week prompted some investors to ask whether stock markets have finally bottomed. Wall Street analysts, however, have cautioned that there might be more downside before a bull market begins. While the mega-cap U.S. index has already tanked by more than 22% this year, only two out of the 10 metrics that Bank of America tracks to signal a bull market have turned positive. That means there's likely to be more volatility before a sustained market rally.
How to trust a market rally? Analysts at Bank of America said historically — noting the past seven recessions since 1974 — the stock market has only rallied 12 months after the Fed first cut interest rates. Markets currently only expect the first cut to interest rates in the second half of 2023. The BofA report also said despite the bear market, stocks still are not "cheap enough.
jenmurphy94 Lord David Frost, who was Boris Johnson’s former Brexit negotiator, has written in the Telegraph calling on Truss to resign. “Truss just can’t stay in office for one very obvious reason: she campaigned against the policies she is now implementing.”
Rally?
33% Sales Automatic Investments
um, no
lol. Rally? The market is up maybe 2%. Crash Thursday with the Tesla and Lam debacles.
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