I agree there will be some pullbacks but back to ATH? I see that happening if and only if 1) Putin stops the war campaign 2) China backs off from their zero-Corona policy and relieve the supply bottleneck 3) inflation coming down to Fed's expected range of 2%. The prospect of all 3 happening in unison is pretty slim IMO. But who knows, anything can happen. BTW if you haven't already noticed, recession is just around the corner.
Who, officially, technically, cares if we're in a recession or not or politics....this forum place should be flourishing, instead, about talk....on how to Make those Million dollar moves in the market daily. So we can all buy homes in a year. Turn on the Light, and let it Shine....shine, shine, shine, And figure it all out,
All admins blur the the lines to their advantage, if they can. Meanwhile I'm with schizo, too many things have to fall in place for the usual Xmas rally to happen this year.
I agree with @Relentless thesis - at least that a pretty good rally is coming. I'm not worried about what is already known.
You’re always bullish, though. And were kind of dismissive to those in this thread who called BS on the prior rally. The great reversal in 2020 was fueled by unprecedented money printing and even helicopter money as US citizens received a check in their mailbox. That is not happening this year. I don’t see why we can’t rally, though. It just seems unlikely that we’ll see ATHs anytime soon as long as the FED withdrew the punch bowl.