@Philips Just playing devil's advocate, if the market has demonstrated for some time that sentiment and liquidity drives valuations way in excess of historic PE on the upside, what makes you think the inverse shouldn't be true on the flipside?
And if that logic holds for you, do you not then think liquidity, sentiment and valuations may continue to decline given that QT hasn't really kicked in yet and inflation is still on the up (above expectations as well)?
Just curious to hear ppls views on this line of thinking...
First positive week in a while...
S&P 500, Dow snap losing streaks for best week since November 2020The Dow finished up 6.2% for the week and snapped its longest losing streak, eight weeks, since 1923. The S&P 500 is 6.5% higher and the Nasdaq is up 6.8% on the week. Both indexes ended seven-week losing streaks.
https://www.cnbc.com/2022/05/26/stoc...ndroidappshare