Opinion | The stock market seems to be rallying. Here’s why you shouldn’t be fooled

The stock market is experiencing a bear market rally. And, of course, you know well enough to stay clear of it.

All bear markets have their bear market rallies, when investors scoop up stocks they believe to be undervalued.It’s less impressive, though, when you consider what’s causing it.Another is a belief that central bankers will relax their interest-rate hiking cycle. Or did investors not hear Jerome Powell, chair of the Fed, when he said last week that “We think it’s necessary to have a growth slowdown”?

Investors get stuck with stocks that either give up their recent gains or make no further ones, remaining dormant for long stretches after their brief pop.That scenario is unlikely here.And the U.S. is now in technical recession, having reported last week its second consecutive quarter of negative GDP growth.Stock values are sharply down this year, of course. The so-called “tech wreck” humbling of former tech darlings began last year.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin: Evaluating if investors are seeing a bear market rallyBitcoin, the largest cryptocurrency has rallied strongly off the bottom, reaching above the $23k mark. So does this imply the beginning of the bull market? Well, Glassnode in its latest weekly ‘On Chain’ report on 1 August shed some insight on this narrative. The report assessed if the current market momentum was a vote to […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

North American markets rally on corporate earnings, eased geopolitical tensions | Globalnews.caNorth American markets rally on corporate earnings, eased geopolitical tensions
Source: GlobalNational - 🏆 81. / 51 Read more »