The Market Is Painting A Picture And We Would Be Fools To Ignore It
Respect the market, that's the best advice I can give you when it comes to investing/trading. The market is always right, so if you don't like that, then you are probably not cut out for the markets. And for those of us that have learned this lesson the hard way, there are emotional/cognitive scars we can show you on why I believe that's the best advice.
The market at any given point is always trying to paint a picture for investors/traders. For those who are unbiased and clear-headed, the painting is obvious. The problem with most investors/traders is not that they don't recognize the painting, but instead, they want to manipulate/interpret it their way. Instead of taking that painting at face value, some narrative is born from deep within their biases, and the painting is altered instead.
So now take a step back and look at the market today. It is painting a very clear picture for us:
Inflation is going away.
Global growth is headed lower.
The Fed will be successful in fending off inflation.
If you are positioned against any of the 3 mentioned above, you are getting obliterated.
There's a very valid reason why names like ARKK are up over 6.74% today. But this isn't news to anyone that's been reading our write-ups. We've written about the incoming "bear market" rally before and why the market all of a sudden believes the Fed will be successful in fighting off inflation.
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