As the market keeps melting down,
many investors are looking for a positive catalyst for things to turn around.
Because, objectively looking, the news is depressing:
1) earnings are rapidly decelerating;
2) the Inflation overhang and the inevitable hikes from the Fed would compress multiples
3) geopolitics is gloomy;
4) China’s real estate and the credit there are a major concern
Yet…
I.e. markets never make bottoms on good news.
Markets bottom out when the last seller is gone …
We are not bullish yet, but wait for a heads up!

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