This week has felt like a “meh” couple of days on the markets…
Nothing super exciting happened — we rallied a bit, had a down day and then Friday was a bit of a mixed tape.
But after our mega-bullish move this past week, a lot of the stocks still hanging on are living on borrowed time. And I don’t expect the recent bullishness to last.
As it stands, the stock market looks complacent right now. The fear trade has left the market for the most part… despite everything that’s still going on in the global economy.
We still have a war and gas crisis in Europe… a credit crisis in far too many companies… a Federal Reserve hellbent on raising interest rates… and inflation is still at 40-year highs. And yet, the market seems to be brushing it all off because Nike Inc. (NYSE: NKE) had strong earnings…?
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