Probably Just Another Bear Market Rally
There is no denying that we’re closer to the bottom, so it isn’t surprising that investors are again trying to work out when to buy, rather than when to sell.
The truthful answer is that no one has a good explanation for the huge price moves. There is talk of short-covering, psychologically important levels for the so-called market technicians and put options reaching payout points, but none can be proven.
Fundamentals certainly don’t provide an explanation, because the big news was that inflation was coming in hotter than expected, pushing up bond yields and initially hitting stock prices.
James Mackintosh WSJ 16 October 2022
Börsen 14 oktober 2022
https://englundmacro.blogspot.com/2022/10/borsen-14-oktober-2022.html
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