This is bear market rally. Fundamental prevail in the rong term as always. Technically, we are in the short-term rally, but earnings of most companies peaked last year and company's earnings will be slower.
Every bear market lasts at least 2 years so even if bull market end Ausgust last year, we need more than one year to get out of bear market.
This is nothing but bear market rally. Many bank stocks have more room to decline.
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