Miner Company
Don't Confuse Market Confidence With Complacency
The record-breaking 13-day Nasdaq 100 winning streak answers the question of the market being confident or complacent. As we reported for weeks leading up to the rally, market signals (price action, sector rotation, and inter-market relationships) indicated a bottom was forming, even as headlines remained bearish and uncertainty around war and inflation persisted.
The record-breaking 13-day Nasdaq 100 winning streak answers the question of the market being confident or complacent. As we reported for weeks leading up to the rally, market signals (price action, sector rotation, and inter-market relationships) indicated a bottom was forming, even as headlines remained bearish and uncertainty around war and inflation persisted.