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Sentiment Rally
The Compound and Friends
What Are the Green Arrows in the S&P 500?
A lot of what we're seeing is price multiple sort of fluctuating, and I think that's much more sentiment. You could say that as much as stocks priced in a slowdown in Q2, 3, 4, last year, maybe they're pricing in too much improvement right now. We'll say it could be a chart. Let's do this chart, escape velocity. What are the green arrows? So the green arrows are where 20-day highs are close to 50%. And by definition, that is not characteristic of a bear market.
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