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EC SD | On the technical side:
The dip was just a normal correction in a multi-year bull market, not the end of the bull market. The bull-bear battle line was at the 50% retracement of the dip level of earlier this week. The bulls have clearly won in the last couple of days. Now the shorts will be covering, and money managers with lots of cash on the sidelines will have "fear of missing out" syndrome as they buy buy buy stocks.
On the fundamental side:
Good inflation and jobs reports this week. Likely see a fed rate cut this month based on that data. Also trade deals will start to be finalized and tax reform on the near horizon. Trillions of corporate investment is a massive economic stimulus for later this year. All of this points to a higher market too.
Why sell in a bull market? Just ride it higher and higher!! | |
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S&P
