What fueled this rally?

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Jan 6 committee making progress?

likefunny

Short covering. If you look at the basket of stocks with the highest short interest, they have outperformed during this rally.

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Enjoy while it lasts! FOMC probably gonna put an end soon with full 1pt interest hike and final nail in the coffin for a recession. Short term bullish whereas mid term to long term bearish

likefunny

Definitely only doing 75 bps so don’t listen to this guy

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Signs of consumer inflation peaking. Treasury rates getting too high indicating reduced demand (e.g. other countries have been selling Treasuries). Signs that Fed may be back peddling on QT.

This is the Fed trying to implement a soft landing in fragile, volatile markets.

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Short covering. Will be short-lived as earnings roll thru

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Gas prices?

The only thing that gas price did was go down since the rally and that’s having an effect on pulling back inflation which will help the market

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Massive Short Squeeze happening soon

This is the week, maybe next too - after that it’s all going down

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people sold because of made-up recession fears and now that earnings are coming in, everyone realized the market is significantly undervalued

Seriously, what dummy woke up and said “unemployment is less than 4%, I better go to cash”

Congrats, good call. I also locked in gains in sept 2021 in anticipation of Fed action. But Fed action thus far has shown how fragile global markets are, and I think the markets are recognizing limitations of the Fed QT implementation (unless Fed wants to spark a global depression during a time when adversaries are being bold). All bets are off if QT triggers volatile downward shock to housing and/or labor markets.

FOMO

Rally?

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