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Strategies & Market Trends : Bear!
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From: Harshu Vyas4/15/2024 10:07:55 AM
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For those bearish, maybe watch the IB stocks as a measure. The investment banks peaked a couple of months before the peak of the S&P500 in 2021. Today GS blew earnings out of the water. Starting to think current S&P 500 marks a bear trap.
When Wall St stop churning out cash in such a speculative market, then you know it's time to sell. Of course, unexpected events (wars...), will also drive markets.

On another note, emotion and "feeling", and not fact has steadily become a prevalent driving force of this market (remember the "rate cuts rally" at the end of last year?) which leads me to believe it's unsustainable. Maintain that there's still some steam left, though.
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