The recent bear market rally is not surprising. That is because stocks dropped as far as they should until there is greater proof of the pain that is to come in the economy. In particular, investors need to see more glaring weakness in 2 key areas before pressing lower: corporate earnings and employment.
Well, here we are in the midst of Q3 earnings season with early results definitely on the weaker side. We will dig into the stats to understand what it tells us about the market outlook and why I remain decidedly bearish.
