Earnings Season Isn’t The Out Bulls Are Looking For
- Date: 14-Apr-2022
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Earnings Season Isn’t The Out Bulls Are Looking For
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Tuesday’s faded rally was an important event because it demonstrated just how challenging it is going to be for bulls to regain the upper hand in the narrative surrounding the economy. Inflation remains Enemy #1 and it’s going to take something extraordinary for risk appetite to return when CPI is running at the hottest levels in 40 years. Investors have been eagerly awaiting signs of slowing price pressure, but the first sign of it in yesterday’s monthly figures couldn’t support any meaningful gains in the stock market.
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