50 days ago • Posted by Paul de La Baume
Sentiment: #bears shift to neutral #stocks #trading $SPY
This is consistent with several strategist that were before bearish now shifting closer to neutral. Seen from outlooks, client notes, Tv interviews. Why? Moving to the soft-landing view. This is potentially slightly negative as a bigger crowd abandons the hard landing thesis. Remember, markets climb wall of worries. But still valuations will matter. Investors can’t ‘chase’ at any price. At some point market rhetoric will likely shift to valuations.