Weekly Charts

This has been a spectacular bull market, notwithstanding the recent sell-off in the semiconductor trade. Stocks pushed higher this year despite geopolitical tensions, rising energy prices, and a steady stream of prognostications that the rally had been nearing its end.

What are the ingredients that typically end bull markets?

  • Significant earnings misses
  • Falling revisions
  • Tightening liquidity
  • Restrictive monetary policy
  • Armed conflict

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