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REAL - S&P Ends +2900 (Surprising Everyone But Us) Readying An Assault To Old Highs. Eyeing Trade Desk And Others
The RealReal Inc.
Bears were unrelenting yesterday, I stayed contrarian
Every pundit and commentator I listen to was talking recession. Who could blame them with the heaviness to the market? Then the 10 am ISM number showed contraction, which should have surprised no one, and yet the market reacted badly. Monday was a sharp reversal to most of last week, in what market participants read as a sharp rebuke. The chart said otherwise, we held the old base of 2,820 for a full month.
While I was disappointed that we closed below 2,930 on Friday, we stayed positive