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The current market has a sense of euphoria going on. The economy is shrinking, Inflation is getting better, the Fed raised interest rates at a slower pace and the market is moving higher. Interest rates are still being raised, jobs are still strong, companies are missing earnings and the Fed is STILL raising interest rates! I call this move-up, Irrational Exuberance! I believe the market still has a lot of downsides ahead of us and may pull the rug out from the unsuspecting investor. We want to make sure you are not in that group of people! The market is toppy and poised for a pullback. The Fed holds the key and we are just waiting at the gate to see which way he will go. Folks you need to just be prepared for disaster!
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