The bold bullish case to be made for U.S. stocks — one that not many are voicing just yet

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The early 2023 rally is nearing a point where the bear market could plausibly be declared over.

There's a bullish case on stocks that's not gained much traction yet. With another 4%-5% upside in the S & P 500 , the thesis would demand serious attention. It goes like this: "The market bottomed exactly three months ago in October, the most common month for bears to expire, just ahead of a midterm election, which history says ushers in the best year of the presidential cycle.

Whether a quirk or a result of current automated-trading dynamics that drive short-term "all-inclusive" buying bursts, the recent record argues for reserving judgment on a potential trend change. A Fed pause? Warren Pies, a cofounder and strategist at investment-analysis firm 3Fourteen Research, came into the year suggesting stocks could celebrate an imminent pause in the Fed's tightening efforts, in line with the typical pattern. "Historically, pauses are bullish.

 

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NEW ALL TIME HIGH IN DOW THIS WEEK! S&P WILL FOLLOW. THE BIDEN ECONOMIC MIRACLE IS BEING UNLEASHED

Many times everyone gets bullish at resistance & we drop & vica versa. I don't think the current 6% inflation not increasing with a high fed rate & QT continuing is bullish at all but HF need buyers so I guess the narrative continues. 😉

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