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The bulls out there have the momentum right now, the makings of a real beachhead… for now… in the near-term.
Of course, that beachhead could be swamped by the end of this week with so many Big Tech earnings coming down the pipeline.
There’s data to contend with, too. Tomorrow’s GDP reading will be essential; it’ll give us a glimpse into the current impact of tariffs.
That notwithstanding, there have been some positive developments in the markets’ internals over the past few weeks – that cannot and should not be ignored.
What’s more, there’s strong evidence that Bitcoin has bottomed, too, which bodes well for near-term risk appetite. We just need the bond market to cooperate to keep volatility contained.
Here’s what I see happening…
