Wall Street

Against The Odds

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ValueWalk

S&P 500 overdue relief rally – flat, lacking significant momentum, not internally at its strongest – is here. Instead of projecting any healthy bear market rally targets (numbers around 10% are often thrown around), I‘m afraid that time it takes to ignite, would become a larger concern for the bulls. True, not enough have been sucked in, but buy the dip mentality is still there – we‘re now at a crossroads between either a very shallow reprieve protracted in time, or going more than a couple dozen points higher still. Just when the trap is ready, sellers would show up – the sentiment is still r…

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