Wall Street

This Isn’t A Buyable Bottom For Stocks

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ValueWalk

The Stock Market Bottomed, But …Equity markets hit a bottom a few weeks ago but we would not call it a buyable bottom. There are numerous risks facing today’s market that have so clouded the outlook that buying “the bottom” now is a pure gamble. Jamie Dimon said it best when he described the outlook as stormy and then corrected himself to say “hurricane”. Between the fallout from Ukraine, supply chain disruption related to China lockdowns, energy prices, inflation, and the FOMC the world is facing an economic shift that will take several quarters if not years to play out. The good news is that…

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