In order for me to feel more confident about a sustained, new uptrend, and increase my exposure to equities, I need to see five things happen.
Since the beginning of the year, business news has been riddled with stories about historic market volatility, decades-high inflation rates, and an increasingly hawkish Federal Reserve. Amid this backdrop, a bullish story has been emerging.
We saw a nice drop to 238K new jobless claims from the 245K expected, and a healthy step lower than the upwardly revised 261K.