5 reasons to stay bullish till Dec
It's hard to believe. I'm convincing myself too.
1. Retail data will be higher month to month. $Wal-Mart(WMT)$results was good. You have Halloween then Christmas, on and on.
2. Infrastructure trillion dollar spending. No turning back on this. Government will pace spending to stir industrial and materials.
3. No inflation surprise, not a secret. Market don't like surprises. Everyone knows its already very high. But the impact to equity is not immediate.
4. Fund managers are loaded with cash. This is last last minute Christmas shopping. Some FOMO will kick in to buy and hold stocks.
5. Its has always been the time of the year, that market goes up. Supported by recent boost on higher profits guidance and the birth of MAMAA. Well, when the probability is higher to go up. It will happen.
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be care risk.