Was Last Week The Tipping Point For Stocks?

Several small bearish events occurred last week but did not create a tipping point for the bull market; the author argues that isolated negative headlines alone don't flip bulls into bears. For portfolio managers, the takeaway is to avoid overreacting to headline-driven weakness absent broader macro, liquidity or flow-driven changes.

Analysis

Several small bearish events occurred last week but did not create a tipping point for the bull market; the author argues that isolated negative headlines alone don't flip bulls into bears. For portfolio managers, the takeaway is to avoid overreacting to headline-driven weakness absent broader macro, liquidity or flow-driven changes.