bullish

Weekly Stock Bullfinder - Week of 5/23

236 Views23 May 2022 10:38
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SUMMARY

These days, it seems to me that the business media and Twitter is all consumed with predicting when a U.S. economic recession will occur coupled with lots of predictions of whether each strong relief bounce we have in the market is “the bottom”.

This past week, big box retailers like Target and Walmart saw big drawdowns after margins were impacted by rising shipping and labor costs while facing extremely difficult year-over-year comparatives.

Given the current market drawdown, I also get the sense now that the emerging consensus and narrative of an imminent “crash” recession is what I call “one side of the boat” thinking which the market has a habit of doing the opposite.

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  • Weekly Stock Bullfinder - Week of 5/23
    23 May 2022
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