What can I say, looks the opposite of what I expected, doesn't look good, I will keep my short on till it gets stopped out. If this continues, then it only confirms that this uptrend is mostly driven by inflation, in which case this is negative for all of us.
I think you let the extreme bearish sentiment on this site get to you and ignored the rather obvious signs that the market wanted to go up. My guess is, big players knew the large IT companies were likely going to do well, so that is why the first few mediocre earnings reports were mostly ignored. Latest reports were very good in IT, and even MCD and Boeing were good. AAPL earnings will be the final card dealt, we'll see what happens, but given that the stock is already somewhat sold off ( some would say cheap ), I think most of the news driven risk is on the up side this report. Only a large drop in revenues would help bears at this point.
It's not "inflation" moving these markets, it's fundamentals. US economy is improving, and earnings reports seem mostly good. You may think that markets are overvaluing the positives, but that's what bull markets do.
