- The emotion-driven plunge in stocks at yesterday’s open felt like the point of capitulation for this market correction.
- The stock market averages were already oversold, and bearishness had reached an extreme.
- Investors will refocus on inflation and Fed policy in the weeks ahead.
- Volatility is bound to continue, as rotation from growth to value proceeds, and market valuations adjust to a higher interest-rate environment.
- Betting on a market crash is a losing proposition in 2022.
For further details see:
Never Bet On The End Of The World, It Only Happens Once