Markets In Motion – Mixed Message
Mixed Message - As the market turns down, sharp rallies can occur, inflicting enormous pain on anyone underweight or short.
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Mixed Message - As the market turns down, sharp rallies can occur, inflicting enormous pain on anyone underweight or short.
Over the past few weeks, equities have largely moved sideways. But it is not just the past few weeks that have been a wash.
A few weeks ago we shared our thoughts on the SVB collapse and the regional bank crisis. As we enter the fourth week of this crisis, we can begin to draw more conclusions.
Major indices have broken long-term downtrends and market technicals are positive.
The market rally that began in the summer came to an end after Federal Reserve Chairman Jerome Powell confirmed that the Fed was to continue aggressively raising rates to combat inflation.