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SO many are still bearish and cannot believe what has happened over the last 8 months.  Well this report from CNBC Pro tells a diff story.

Markets are fwd looking.  Jerome Powell's jawboning of the market is not working.  Money is being put to work.

  1. Most investors believe we are in a new bull market. A recent survey by CNBC found that 63% of investors believe we are in a new bull market, while only 17% believe we are in a bear market.
  2. Investors are optimistic about the future of the stock market. The same survey found that 72% of investors are optimistic about the future of the stock market, while only 12% are pessimistic.
  3. The Federal Reserve is expected to continue raising interest rates. The Federal Reserve is expected to continue raising interest rates in an effort to combat inflation. This could lead to a slowdown in economic growth, but it is not expected to cause a recession.
  4. The U.S. economy is still growing. The U.S. economy is still growing, albeit at a slower pace than in recent years. This growth is being driven by strong consumer spending and business investment.
  5. Corporate earnings are expected to remain strong. Corporate earnings are expected to remain strong in 2023, despite the rising cost of doing business. This is due to strong demand for goods and services, as well as the continued growth of the U.S. economy.
  6. The stock market is likely to remain volatile in the near term. The stock market is likely to remain volatile in the near term, as investors assess the impact of rising interest rates and other economic factors. However, most investors believe that the long-term trend for the stock market is still up.

SPX up over 25% in that timeframe


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Anonymous

I'm not sure we see the big event most bears are thinking either. I'm thinking we have a rolling recession (possibly been in it for awhile), that takes a long time to play out with volatility in different markets correcting and rallying at different times. Making for plenty of financial fog and uncertainty by all the experts. There are so many factors going on right now. Big demographic changes in labor markets with Boomers retiring, shortages and strong focus on labor retention in many industries, the so called "richsession" trimming or down-right gutting high salaried workers in once "safe" fields, all this money from stimulus spending still hanging around on sidelines, people getting greater than 4% in short term accounts and holding on to cash, and the Fed's unusually fast policy of increasing rates and how that has hamstrung growth. Then this massive potential tech innovation wave and crypto institutional adoption coming soon. Very interesting times.

Anonymous

How do you expect this to play out with Tesla going into the start of the last half of 2023? Key price action to watch for?

Anonymous

Thanks to you James, well aware we in Bull market a while now!

Anonymous

I plan to layer into volatility. I’m so close to my short term goals!

Anonymous

James do you still hold Grt because im thinking of swapping mine for Rndr? Is this a good idea

Anonymous

Do you see Tesla presenting more opportunities for entry during the summer? Feels like I didn’t deploy enough a month back and regret it

Anonymous

i think in past i have seen charts of hoe many people and/or how much cash is not deployed in the market - ie sittingn on the sidelines. it would be cool to see where that stands now and how it has changes. i view it being deployed gradually as a mitigant for a soft landing. it would be cool to know if we are at 50% level compared to last year to see what the future oppty is for people to jump in and "fuel the bull"

Anonymous

It amazes me, and I use to do exactly the same.....but this explains why so many people, retail and pro a-like fail to beat the market. Why does everyone try to predict on whats going on, rather than looking at indicators and REACTING to what is ACTUALLY happening? I dont get it!?

Anonymous

🐃 or 🐻 love the opportunities they both bring!!

Anonymous

It obviously has been a US stock bull market since we have seen a more than 20% rise from the bottom. However who cares about the past, we are here to consider the future and US stocks look a bit bad at the moment! High valuation plus lower growth.

Anonymous

I've been in logistics, primarily ocean logistics, for 21 years, and the demand for goods/products are presently down YOY for most of our business retail GDSM accounts. These businesses are still working through, or mixing earlier bought expensive inventories acquired during 2021/2022 with recently purchased/shipped cheap(er) inventories to "dollar cost down" their sticky product stock... With this said however, there are still some outlying sectors in the import side (Asia Pac to N. America) of things that do remain strong lifting all ships (think computer hardware feeding the current AI boom.) I'm concerned with Q3 and Q4 outlook for 2023, and while the markets are pumping from last year (which was tough) the growth may remain a bit muted overall.... As with all markets, there will be winners and losers, so like James says, being on the right horse will make a difference...

Anonymous

I wouldn’t trust CNBC. There are still just as many experts saying a recession to crash will occur. I’m not saying it is or isn’t but I wouldn’t be in bull mode. I do agree crypto BTC, ETH, and SOL will 🚀🚀. Obviously still good moves and gains in the market to be made.

Anonymous

For the record I say bear market rally. The market always puts in a low during a recession....100% ... Why is this time different?

Anonymous

I have no idea what’s going to happen. I’m busy w my work / shops / and family - hence loving this community to glean from. I didn’t sell a thing in 21/22. At least doubled my bags. Excited, patient, and not greedy. The future is bright! THANKS JAMES ♥️🏆

BreakItDown

I am sitting on 50% cash and not sure what to do. Waiting for a pull back but worried might not get anything substantial now. Should I start to deploy or wait?

Anonymous

James, what are your thoughts on pypl stock? Thanks!