Is #everyone in the #pool?
Sam Stovall once said that if "everyone is #bullish, who is left to #buy."
h/t @soberlook pic.twitter.com/W0VeOsYQ0N— Lance Roberts (@LanceRoberts) May 22, 2023
Traders have no shortage of bear scenarios to choose from.
– Fed’s rate hikes will provoke a contraction
– China’s less-than-booming rebound from its Covid-19 restrictions
– Threat of a US default if politicians fail to raise the debt ceiling
– Possibility that OPEC+ may not…— Cheddar Flow (@CheddarFlow) May 21, 2023
Equity Flows pic.twitter.com/12R1PMR77d
— Win Smart, CFA (@WinfieldSmart) May 22, 2023
U.S. 30-Year Mortgage Rates Approaching 7 Percent Again, Housing Will Suffer: https://t.co/ywwCvNrvQ2 by @MishGEA $WFC pic.twitter.com/xkh7xgerP7
— Jesse Colombo (@TheBubbleBubble) May 21, 2023
A full-blown recession and credit crunch could spur an 8% corporate default rate, Bank of America, $BAC, has estimated.
— unusual_whales (@unusual_whales) May 22, 2023
"The market has climbed a Wall of Worry thanks to Wall Street's Worriers, who've predicted that the banking and debt ceiling crises could make their widely expected imminent recession worse," Ed Yardeni has said.
— unusual_whales (@unusual_whales) May 22, 2023