ACTV - The Bull Market May Already Be Over
2024-07-30 14:27:37 ET
Summary
- Equity market unwind may accelerate due to Fed signaling rate cuts and BoJ signaling rate hikes.
- Fed and BoJ can influence the unwind process through forward guidance and economic data affecting interest rates.
- The market rally is being driven by multiple expansion rather than earnings growth, leaving the S&P 500 vulnerable to potential correction.
The equity market's unwind is real and could even mark the end of the "bull market." The sell-off may only accelerate in the weeks ahead, driven by an unwind of a higher for longer mega-cap led rally....
The Bull Market May Already Be Over