Quote (NetflixAdaptationWidow @ Jun 1 2022 03:05am)
I'm skeptical that we're going to go bullish. The fed is still going to be raising rates for at least a year.
That's right. We haven't had a bear market since 2009, the longest bull run in history. Inflation is getting into double digits, interest rates will rise significantly and pummel growth stocks, and there is still significant risk of further supply chain issues in China with their zero covid policy
Not to mention that growth is still overvalued using every metric possible
The factors going in the market's favour are that earnings are still pretty good and demand is strong. It's unusual for a recession to be caused by supply chain issues more than demand but it is a realistic outcome