Bumpy Road.
“This process is likely to take quite a bit of time, it’s not going to be smooth, it’s probably going to be bumpy”, Federal Reserve Chair Jerome Powell said on Tuesday in a speech in Washington DC, referring to getting inflation back to the Fed’s 2% target. But he could just as easily have been talking about the road to an eventual end of this bear market and a transition to a more sustainably bullish environment for stocks.
The conventional wisdom is that the current bottom recorded last October is probably “in” and, going forward, dips are going to be bought by short term investors and the…
The skinny
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