The last time we had a 6%+ rally was in March of 2020, the COVID lows. It would be arrogant to look at this THOUSAND point rally and blow it off as a bear market rally. Believe me, no one would like to see the markets in hell more than me. But there are mitigating circumstances here that must be acknowledged.
Both rates and the dollar has collapsed and we might get a free pass on inflation until next month’s CPI reading. The war in the Ukraine is looking good for NATO and Biden is meeting with Xi soon. There are many things that can be manipulated here, in terms of news, that can continue to lever up stocks in a manner on par with the 2020 bottom.
That being said, I am keeping all options open for a resumption to the downside and end of PAX AMERICANA.If you enjoy the content at iBankCoin, please follow us on Twitter