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The evidence is in: Stocks are in a ‘bull trap’
The S&P 500 Index (SPX)*rose nearly 8% in January and was 14% off the December lows. All that matters was the Federal Reserve caving in spectacularly and laying the foundation for the big bull case. While indeed a renewed fully dovish Fed may be all that’s needed to keep 2019 bullish (after all, this playbook has worked for the past 10 years), there is evidence that this rally may turn out to be a big, fat bull trap.
https://finance.yahoo.com/m/8dc277a...884/the-evidence-is-in:-stocks.html?.tsrc=rss
The S&P 500 Index (SPX)*rose nearly 8% in January and was 14% off the December lows. All that matters was the Federal Reserve caving in spectacularly and laying the foundation for the big bull case. While indeed a renewed fully dovish Fed may be all that’s needed to keep 2019 bullish (after all, this playbook has worked for the past 10 years), there is evidence that this rally may turn out to be a big, fat bull trap.
https://finance.yahoo.com/m/8dc277a...884/the-evidence-is-in:-stocks.html?.tsrc=rss
