A bear market rally starts by squeezing out shorts
It extends through some narrative that seems to validate price action (2001: worst is behind; 2023: soft landing)
In the end though, to morph into a new bull market it needs fundamentals and/or the Fed
It extends through some narrative that seems to validate price action (2001: worst is behind; 2023: soft landing)
In the end though, to morph into a new bull market it needs fundamentals and/or the Fed