Posted on 06/28/2022 9:43:05 AM PDT by Presbyterian Reporter
The stock market rally may be very close to being over. There have been a number of repeatable patterns taking place in the market this year. The dollar is surging again and is likely to see stocks lower as a result.
The bear market rally may be ending as stocks get ready to dump again. The patterns in the market seem to be on a repeat cycle from a technical and fundamental standpoint. The recent move lower in rates may have only been temporary, and now that they are on the rise, it may lead to the dollar breaking out. If the dollar breaks out, then the equity market rally will be dead.
A strong dollar has been another factor in the stock market's weakness, as a stronger dollar impacts multinational companies' sales and earnings. The dollar is on the move on June 28 and potentially breaking out. That is likely to result in the stock market taking another leg lower very soon.
Patterns Persist Since the beginning of 2022, the S&P 500 has seen consistent sell-offs, followed by sharp and steep rallies. The rallies have been in the 8% to 12% range in just a few days. However, they tend to fade fast, and once the rising technical trading channel breaks, the rally melts.
(Excerpt) Read more at seekingalpha.com ...
Today, the S&P 500 is down 36 now.
What rally? That is a dead cat bounce.
Some rally
Lots of short positions I need to cover now . . .
The author seems to be completely ignorant about the correlation between the stock market and the strength of the U.S. dollar. The dollar reached its post-1980 low in 2010 and has been improving pretty steadily since then. The U.S. stock market has seen huge gains over that time.
I must have missed it............................again...................
31,245.51
▼ 192.75 (0.61%)
June 28, 12:51 PM EDT · Market Open
> The stock market rally may be very close to being over. <
May, might, possibly, could be.
That’s the great thing about being an economist. You’ve always got an out.
“May,” “may,” “likely” - this isn’t news. This isn’t even opinion. This is nothing.
Agree. My guess is we are going higher before we go lower again.
“Give me a one-handed Economist. All my economists say 'on hand...', then 'but on the other...”
― Harry Truman
What? Seriously? How long have you been sitting on this information?!!!
I believe seeking alpha is referring to the rally from 3,636.87 on 06/17/2022 to 3,945.86 today.
Bear market rallies like this are also called ‘dead cat bounces’
Another term for it might be sucker’s rally.
Yet another lesson about the futility in timing the market. Yet the prideful will persist as they know better than the pro’s who do it for a living and still can’t figure it out.
“If you laid all the economists in the country end-to-end...
They STILL wouldn’t reach a conclusion
The administration’s anti- business, anti- energy, anti- productivity, anti- worker, anti- jobs, and anti- USdollar policies, coupled with its irresponsible fiscal and monetary policies generally —
Can only be designed to create a major depression.
Nothing else.
Get prepared to defend yourself. Get some provisions. Be watchful. It’s coming down- possibly sooner than later.
Patterns Persist Since the beginning of 2022.
Nothing will change until oil flows again it put a strangle hold on everything.
Even Ray Charles could've seen this coming.
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