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The Stock Market Rally May Be Over
seeking alpha ^ | 6/28/2022 | Mott

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 ...


TOPICS: News/Current Events
KEYWORDS: markets; stockmarket
It is my understanding that mutual funds cleanup their holdings at the end of each quarter. June 27 was the last day they could sell their losers and buy more conservative stocks.

Today, the S&P 500 is down 36 now.

1 posted on 06/28/2022 9:43:05 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

What rally? That is a dead cat bounce.


2 posted on 06/28/2022 9:44:12 AM PDT by crusty old prospector
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To: Presbyterian Reporter

Some rally


3 posted on 06/28/2022 9:49:06 AM PDT by JoSixChip (2020: The year of unreported truths; 2021: My main take away from this year? Trust no one.)
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To: crusty old prospector

Lots of short positions I need to cover now . . .


4 posted on 06/28/2022 9:50:40 AM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: Presbyterian Reporter

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.


5 posted on 06/28/2022 9:50:55 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: Presbyterian Reporter

I must have missed it............................again...................


6 posted on 06/28/2022 9:51:06 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Presbyterian Reporter

31,245.51
▼ 192.75 (0.61%)
June 28, 12:51 PM EDT · Market Open


7 posted on 06/28/2022 9:52:25 AM PDT by Signalman
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To: Presbyterian Reporter

> 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.


8 posted on 06/28/2022 9:52:35 AM PDT by Leaning Right (The steal is real.)
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To: Presbyterian Reporter

“May,” “may,” “likely” - this isn’t news. This isn’t even opinion. This is nothing.


9 posted on 06/28/2022 9:53:07 AM PDT by CraigEsq
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To: CraigEsq

Agree. My guess is we are going higher before we go lower again.


10 posted on 06/28/2022 9:54:28 AM PDT by devere
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To: Leaning Right
That’s the great thing about being an economist. You’ve always got an out.

“Give me a one-handed Economist. All my economists say 'on hand...', then 'but on the other...”

― Harry Truman

11 posted on 06/28/2022 10:00:09 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Presbyterian Reporter

What? Seriously? How long have you been sitting on this information?!!!


12 posted on 06/28/2022 10:01:35 AM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: Presbyterian Reporter

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’


13 posted on 06/28/2022 10:02:19 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

Another term for it might be sucker’s rally.


14 posted on 06/28/2022 10:07:30 AM PDT by Starboard
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To: Presbyterian Reporter

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.


15 posted on 06/28/2022 10:27:59 AM PDT by plain talk
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To: Yo-Yo

“If you laid all the economists in the country end-to-end...

They STILL wouldn’t reach a conclusion


16 posted on 06/28/2022 10:29:12 AM PDT by Republican in occupied CA (I will not give up on my native State! Here I was born, here I fight and die!!)
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To: Presbyterian Reporter

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.


17 posted on 06/28/2022 10:30:56 AM PDT by faithhopecharity (“Politicians are not born. They're excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: Presbyterian Reporter

Patterns Persist Since the beginning of 2022.

Nothing will change until oil flows again it put a strangle hold on everything.


18 posted on 06/28/2022 1:36:22 PM PDT by Vaduz ( )
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To: Presbyterian Reporter
No excrement, Mr. Holmes.

Even Ray Charles could've seen this coming.

19 posted on 06/28/2022 3:43:03 PM PDT by sauropod (It's too bad all the people who know how to run the country are busy cutting hair.)
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