The World is Scary
The volatility and market declines of the past 5 months have reminded us that the world can be a scary place. That said, there will never be a shortage of scary headlines, as the past two decades have shown us. Fundamentals, technological progress, and innovation are some of the key factors that drive wealth creation and historically overcome the impact of fear and panic. In this week’s stock market update, we will review the health of the current market bounce, what we want to see to increase our confidence that a bottom is in, and some of the areas we think may offer leadership on a potential recovery.
Key Takeaways
- We believe growth stocks have been leading off the rebound
- Follow through days with volume/breadth needed to get past bear market rally status
- We see China stocks showing positive divergence vs. the S&P 500
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