Interestingly, whatever is fueling this rally (increasing earnings, skeptical sentiment, momentum, etc.), it’s not the anticipation of a better economy. The
@sentimentrader
Macro Index Model has fallen back down to 0.364. Make of it what you will.
https://x.com/jaykaeppel/status/1808548955917324416
https://x.com/mark_ungewitter/status/1808535171479519446
