Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

The Bull Case–Why We’re Likely to See Stocks Move Higher

by April 15, 2023
April 15, 2023
The Bull Case–Why We’re Likely to See Stocks Move Higher

It might not be kitchen sink time–you know, when everything has been thrown in–but the market has been tossed a lot of curveballs lately; non-stop increase in rates, bank jitters, recession fears, and earnings fears. And yet here we are, with the bears unable to bring prices lower and keep them there.

There could be a few reasons for this. First, look at the chart on the VIX below, which is back in the 17’s. Yes it’s been lower in the past, but if it can move below the February low of 17.06, it could move even lower, which should bolster the bull case.

Now look at the chart below on the Ten-Year Treasury Note, which has fallen sharply since the most recent peak in early March, If the market was worried about the Fed raising rates much higher than they have, do you think the Ten Year would be as low as it is today? The answer is no. In fact, there’s a growing consensus that the Fed will be lowering rates by year end. Some worry this will be because of a sluggish economy, but did you see the most recent jobs report? Yes, jobs created came in at 236,000 (still a very healthy clip) compared to the past six-month average of 334,000, but the unemployment rate fell from 3.6 to 3.5%. Americans are working and earning.

Finally, many analysts are talking about the upcoming earnings season, saying that, overall, numbers will be weak. Try telling that to JP Morgan (JPM), which rose by over 7% today after surprising nicely to the upside. In fact, given the prevailing negativity, if anything, we could see more positive surprises to the upside, which could lift the market higher.

Finally, look at the chart below on the S&P. Many analysts keep talking about revisiting last October’s lows. I’m on the flip side, thinking we’ll be testing last August’s highs. Why? For the reasons laid out above, as well as the inability of the bears to register a knockout punch. Instead, for the past month traders, have been more than willing to buy on any dips.

I know our Chief Market Strategist Tom Bowley feels strongly that the market is setting up for a nice move to the upside. In fact, he will be laying out his case during our “Bull’s Eye Forecast” webinar this Saturday, April 15, that will begin at 10:00 am eastern. This is a FREE event that you don’t want to miss. Just click on this link to register and save a seat.

It’s easy to get pessimistic when the market seems to be going nowhere fast. However, the fact that the market is holding, rather than sinking, is a sign that we could be in store for a decent rally soon.

At your service,

John Hopkins

EarningsBeats.com

0
FacebookTwitterGoogle +Pinterest
previous post
Why Market Conditions Are Not Yet Bullish
next post
The Economic Modern Family & the MOST IMPORTANT Data Ever

You may also like

Post Tech Earnings & FOMC — Give Retail...

February 1, 2024

Sentiment And Small Caps Are A 1-2 Punch,...

March 3, 2024

SELL The News! NVDA Trades Lower After Strong...

August 24, 2023

The Best Five Sectors, #13

March 31, 2025

Sector Spotlight: Sector Rotation Out of Defense

January 31, 2023

MEM TV: Small Cap STOCKS SHINE! 4 Names...

March 30, 2024

2023 Outlook

January 5, 2023

Is This The Magic Upward Break Everybody Was...

May 17, 2024

Mish’s Daily: How to Trade a Golden Cross...

December 13, 2022

Week Ahead: Markets’ Reaction to Exit Poll and...

June 3, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The Best Five Sectors, #22

      June 9, 2025
    • Half of Brits would trust AI for legal advice, survey finds – but experts urge caution

      June 9, 2025
    • Business leaders paralysed by risk warn BDO as caution stifles growth

      June 9, 2025
    • Starmer pledges £1bn investment to supercharge UK tech and AI infrastructure

      June 9, 2025
    • 5 terrifying flashpoints that could ignite global war

      June 9, 2025
    • HMRC inheritance tax investigations surge 37% as treasury seeks to plug revenue gap

      June 9, 2025

    Categories

    • Business (8,161)
    • Investing (2,019)
    • Politics (15,572)
    • Stocks (3,137)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved