It’s far too risky to assume that the stock market bottom is in

Bloomberg/John Authers/8-1-2022

graphic showing exit for THERE being a great distance down road through desert“[Morgan Stanley Wealth Management’s Lisa Shalett] is sticking to the view that we’ve just witnessed a big bear-market rally, driven by investors who ‘seem to believe that inflation is defeated and expect the Fed will start cutting the fed funds rate as soon as next March.’”

USAGOLD note: Authers offers his answer to the question, “Are we there yet?” And the answer is “NOT!”

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