Climbing the Wall of Worry

While many continue to fear this market, it continues to climb the wall of worry. The pattern shows a likely pull-back from over-bought conditions. But it also looks like a likely recovery to challenge new all-time highs yet again (for the SPX).

The concerns start in August, where we’ll have to contend with the end of earnings seasons, next quarter’s expectations, and a Fed that’s been backed into a corner with rates as inflation concerns continue to grow.

It’s possible we’re near the highs for the year right now…


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