Early trade in futures suggest stocks may finish the week very close to where they started. Bulls may be frustrated, but they should take it as a win.
And here to offer further comfort is Fundstrat’s head of research, Tom Lee. He says the market is ready for a strong eight week rally, a scenario that may catch out many investors because they remain nervous about “the understandable lack of clarity on inflation trajectory, Fed policy path, earnings risk and general heightened concerns about recession.”Better inflation news. He reckons the last of the ‘hot’ inflation data was the fourth quarter unit labor cost numbers that came in up 3.2%.
Falling VIX. “If the incoming data tilts the way we expect , then bond volatility should fall, which supports a stock rally in March to April. This means VIX could fall, and a falling VIX is supportive of higher equity prices.”The market is NOT expensive. Arguing that stocks in general are overvalued is, Lee believes, the confirmation bias of bears waiting out on the sidelines.
For more market updates plus actionable trade ideas for stocks, options and crypto, subscribe to MarketDiem by Investor’s Business Daily.
I could live with this.
Hahaha Yeah okay.. not going back into that BS
Brilliant news. Another 8 weeks to sell my stocks
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to invest, what to buy as international stocks rally: top fund managersHere are the 5 best ways to take advantage of a comeback rally for foreign stocks, according to 5 market-beating international fund managers
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asian stocks rally sputters as China pulls back, higher U.S. yields weighA rally in Asian shares sputtered on Thursday, pressured by a pullback in Chinese stocks and higher U.S. yields amid fears that global central banks would keep raising interest rates to combat sticky inflation. This is a weird headline 😂😂😂 Hard landing. 100%!
Source: Reuters - 🏆 2. / 97 Read more »
Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updatesStocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates. The Dow jumped 1.05%. The S&P 500 rose 0.76%. The Nasdaq gained 0.73%. Is this a joke? The FED may surprise you and hammer everyone. The entire world is slowing down. This is a huge set up for a massive tidal wave No, they rose because Bostic made a stupid statement, AFTER saying rates were going to have to go higher, he said 'possible pause end of summer', and off it went as the sheep and algos came to the feeding trough. Should be rules against the FED making comments every other day. Every single person who believes this completely wrong. We are in the era of Arthur burns policies. Until theFED does what’s right, which is raising the Fed funds rate, at least above the CPI rate we will be stuck in hyper inflation for a long time. need to raise 100-200bp now
Source: CNBC - 🏆 12. / 72 Read more »
European stocks edge higher; Chinese data hints at global recovery By Investing.com⚠️BREAKING: *EUROPEAN STOCKS EDGE HIGHER ACROSS THE CONTINENT TO START THE MONTH AS CHINESE DATA HINTS AT GLOBAL RECOVERY - 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇬🇧 SHORT ! Huge mistake. The turn point was the QE in Asia. The leading indicators followed the QE. SHOOOOOOOOOOOORT
Source: Investingcom - 🏆 450. / 53 Read more »
Stocks in focus: Reata Pharmaceuticals stock soars after FDA-drug approval; Novavax falls after vaccine maker issues ‘substantial doubts’ over future operationsHere are U.S. stocks in focus ahead of Wednesday’s trading session.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves premarket: Rivian, Kohl's, Novavax and moreKohl's stock price dropped more than 8% in premarket trading after the retailer reported a surprise loss for the fourth quarter.
Source: CNBC - 🏆 12. / 72 Read more »