The Rise and Fall of Equity Markets

The S&P 500 has now posted two consecutive quarters of gains according to funstrat That's a pattern we haven't seen in any bear market over the past 50 years. Individual investors bought close to 8.9 billion dollars of US equities on a net basis over the past two weeks Not including Friday, and that's down from 17 billion dollars a month earlier. The pessimism is rooted in concerns at these higher interest rates that are going to be with us for a while Are going to do some real damage to global economies banks liquidity and earnings they think maybe yet to come.