I must have missed the 'Nice break out in TQQQ' or 'TNA looking good' posts this morning. Or "'Crushing it to today; this markets going to 5100'. We need a bullish tone Ken to post this stuff.
Actually, today was somewhat likely because the latest fake crisis had an ending to it so the related market move basically reversed itself. We had the same effect on one of recent the Fed meetings where the market dropped for no reason. Financial media and short side traders get overly excited about some pretty flaky bad news at times. There are big players out there that just wait for the drop to end and then start buying.
Very few real negative catalysts this year that impact things that matter ( corporate earnings, economic outlook ). Evergrande had potential but it seems contained to mostly Chinese stocks. The one negative catalyst that is coming will be the first confirmed interest rate hike. I wouldn't be surprised if markets overeact to that event like they did in late 2015. That may be the correction moment ( mid to late 2022 ) if we keep grinding higher.
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