That theory sux. Basing 100 years of seasonal data over because of some MSM narrative... Unlikely. Its pretty obvious that there is room for markets to move higher as rates have plateaued. It will roll out over a period of time but after 2 years or more of MSM telling us all that doom and gloom is approaching, it starts to wear a bit thin. Data points to asset prices rising - even if many are struggling to make ends meet or have to work lots to cover cost of living. There is now a lot of peeps that are wealthy enough to cover those costs and still have money left over to invest. As Boomers die off, their assets will add to that pile as it is left to their beneficiaries. Possible fuel for markets will be the AI hype - regardless whether true or not in decreasing costs/increasing productivity - hype alone can give markets something to get behind. No different to asset stripping 80s, dot com 2000s, MBS,CDO/RE hypermania 2007/8, CB Stimmy2020s, .... AI.. Looks like yesterday was a shake n bake just to get some longs out of the markets before moving higher today. Makes a lot of bulls hesitant. Bears dont matter as they are all waiting for a crash that is unlikely in the s/t. Markets broke higher today to leave many behind. Max pain for retail. Im still long. Waiting for 7400 in the s/t.
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