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Weekly update for 4/14/23: Is the latest bear market rally done?

Weekly Market Update for April 14, 2023, from DeWayne Hall: Bear Market Rally

Good, good, good, good vibrations… 

Fitting lyrics for our U.S. stock market by the eccentric genius Brian Wilson. 

Equities continue to thumb their nose at all the negative news surrounding us and climb the wall of worry. We think there may still be some further room to run on that wall, but probably just another couple of percent or so on the S&P 500. Just enough for whispers of all-time highs to begin to creep into the discussion on the business channels and chat rooms. That should be our cue that this latest bear market rally is about done. Until then, it’s good, good, good, good vibrations… 

 

The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. 

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