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“Bear squeeze,” or has the bull market returned? Over the last few weeks, that remains the question as the market rocketed off its lows, eclipsing both the 50- and 200-day moving averages.
Since the lows from a few weeks ago, the market has surged sharply higher. While that surge was impressive, it had “bear squeeze” earmarks, as some of the most shorted names surged higher.
Making absolute predictions, bullish or bearish, is not only useless but inherently dangerous concerning portfolio management.