Today’s winners can become tomorrow's losers.
https://www.tradingview.com/news/sto...a-bull-market/
“These false breakouts are far too common in the modern era given the undue influence played by computer based traders. Their favorite game is pushing stocks past key levels of resistance and support to draw in the suckers...then they reverse course locking in ample profits at the expense of others.
Right now, it is neither bullish or bearish. Rather it is confused and uncertain.
Yet, given the facts in hand, we are most likely going to see the bear market coming out of hibernation mauling stocks lower once again.
Gladly we can enact strategies to not just survive that downturn...but even thrive. That’s because with 40 years of investing experience this is not my first time to the bear market rodeo.”
https://www.marketwatch.com/story/do...lling-4ac23b3b
“The Russell 2000 index tracking small capitalization companies declined 0.5%. “Ideally, in a bull market, lots of stocks are participating and breadth is strong,” wrote Scott Wren, senior global market strategist at Wells Fargo Investment Institute in a note to clients. “That has not been the case in the current rally, as the advance in the S&P 500 has been quite narrow and most stocks are lagging.”
https://fortune.com/2023/06/09/stock...sk-valuations/
“The S&P 500 added 0.4% this week to post its fourth straight increase. The tech-heavy Nasdaq 100 trailed, posting its first decline in seven weeks as money flowed to beaten-down areas like banks and small-caps. A gauge of regional lenders jumped 3%, while the Russell 2000 climbed almost 2%.
While the S&P 500 has surged more than 20% from its October low, entering what some consider a bull market, the resilience is at odds with ever-growing warnings from the bond market. Yield curve inversion — a widely watched indicator for an economic recession — has worsened over that stretch as long-dated Treasury rates fell further below short-dated ones.
Ramsey is skeptical, warning the market could face “a last gasp for this upswing,” given the Fed’s commitment to its inflation-fighting campaign.
In the previous eight instances of yield inversion, the S&P 500 dropped 35% on average from the interim peak to the final low, his analysis shows.
“When the really beaten-down stuff finally joins in, it’s sometimes a sign the party is about to end,” Ramsey said. “And unlike the endless market celebrations of the last decade, this one lacks a punch bowl,” a reference to stimulative Fed policy.
To Emily Roland, the co-chief investment strategist of John Hancock Investment Management, investors had better hold the urge to chase gains because the economic outlook remains murky and today’s winners can easily become tomorrow’s losers.”