1 reply to this topic

[4caster]

I've seen some perma bulls say that the fundamentals don't matter which is factually incorrect

and amateurish. It appears that the word is starting to get around, as I put on here a few weeks

ago, that the 2025 GDP is probably going to be mediocre at best. Retail Sales and Gov't Spending

account for approximately 80% of GDP and both of those sectors are declining. Maybe they'll bounce

back up but I doubt it. I'm thinking that the 1st Q GDP will be negative vs. the current consensus est.

on the part of the perma bull Broad & Wall folks of +2.3%. But, because several indicators are in very

oversold territory maybe we'll see a bounce of the dead cat variety. Maybe the mkt will bottom out when

the perma bulls like Tom Lee capitulate if they ever do. Maybe we'll see the SPX bounce off support when

it put in a double bottom at 5400 last Sept.

[qqqqtrdr]

Fundamentals always matter over time.    I have my own PE/growth algorithm I use and we are still overbought, although after a couple days like today it drop out of the range.  Other short term indicators have a little way to go before we see a short term bottom.