The Stock Market Is Still Not Pricing-in The Probable (lower) Earnings Outlook
The bounce that took place on Wednesday could see more upside follow-through on a very-short-term basis. The question is whether the recent decline is enough to have priced-in the lower earnings estimates that are almost certainly ahead of us.
If the bounce does continue, we have a couple of target levels to keep an eye on.
The S&P 500 is getting close to a “death cross”…is this something we should worry about?
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