Posted by :)+ (99..201.63) on August 18, 2022 at 19:14:12:
In Reply to: ===?DCZ, HA, tn posted by :) on August 18, 2022 at 13:18:33:
BOTTOM LINE
"The persistent strong breadth numbers
are conveying a message that the uptrend
since July has “escape velocity” and can
continue. Arguing against that are the
bearish nature of the 2nd year of a presidential
term, which typically sees an
important bottom in September to October.
And the Fed is not done hiking rates,
because inflation is still with us even
though it has peaked for this current
5.3-year cycle. That means higher rates
across the yield spectrum, a continued
inversion of the yield curve, and thus head
winds for the stock market bulls."