The Stock Market Is Going Up Months Later

The market has been higher months later. The underlying fundamental data, I don't know about those past runs, says that this market started at a place that was not necessarily attached to the fundamentals. Just like it is bullhardy for a bear to believe that we could have 500 basis points of raising in a year and not see any progress against inflation, it would be bull hardy for a bull to believe that We could have that amount of raising in that short period and it not cause a slow down. And we are starting to see the evidence of that already.