MPower: Has The Bull Rally Ended?
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That market has been off to the races since making its June low. With that, comes a bevy of investment analysts and experts that will start to make predictions on whether the rally is set to continue or if it’s time to be bearish.
While even a broken clock is right twice a day, making predictions on where the market will go next is much more complicated than just looking at prices. Like anything else, you need to consider multiple factors in your analysis.
For one, today we had an FOMC meeting that signaled that the Fed is committed to taking on CPI aggressively, and further rate increases will continue until consumer prices have come down significantly.
We have also slipped further into a recession after GDP growth shrunk for two consecutive quarters. There is more that goes into that as well, but it seems the mood still seems to be somewhat bearish, despite the recent rally. This highlights one thing I found very interesting.
I’ve noticed that while many are pessimistic about the economy, they don’t seem as pessimistic about the stock market. That could be for a variety of reasons. One, investors could be showing that they still believe the market is a good hedge against rising prices or that they are just using this rally to clawback losses taken on the year.
One thing this is causing is continued uncertainty among investors on whether this rally rages on or if it fizzles out.
However, for those of us that are invested for the long-term, up, down, or sideways, we don’t care too much about short-term prices. If you’re the more active investor that likes to take profit on the way up and buy more when the market comes back down, that’s ok too. But, safe to say, the stock market still looks bullish long-term.
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Today’s feature: S&P 500
