reliefrally
This is the seventh bear market rally in 2022.Investors are responding positively to “better-than-expected” earnings.If you’ve been setting up some trades this may present a short-term opportunity.The long-term trend is still bearish so investors should remain careful.Equities are on their second day of a bear market rally after last week’s steep sell-off. This is the seventh bear market rally of 2022. Bear market rallies take many forms. There have been several examples this year of the market rallying on the hope that bad news for the economy would lead to “good news” from the Fed (i.e., the...
ValueWalk
In hisDaily Market Notes report to investors, while commenting on a relief rally, Louis Navellier wrote: A Strong Market ReversalThe market staged from red to green yesterday on optimism about the important tech earnings this week. This morning, the indexes have given back more than yesterday’s gains as the high volatility continues. The VIX continues to rise, now at 28.3. Q1 2022 hedge fund letters, conferences and more The big company news yesterday was that Twitter has accepted Elon Musk's bid to take it private, albeit the stock at $50.73 is still well below the $54.20 buyout price. Growth...
ValueWalk
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