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Why I Just Can't Be More Positive About Stocks Right Now

·1 min read
Why I Just Can't Be More Positive About Stocks Right Now

The narrative was the inflation concerns had cooled, but that was the easy headline to write. The bounce in May lasted three days, and then there was a trading range that lasted about seven trading days before support levels failed and a cascade of selling took the indexes to new lows for the year. There is probably enough underlying support to produce some trading range action, but the risk of another rollover is very high.