Markets get locked and especially have a floor to the downside when you have positioning so bearish. So that's the problem. We don't have earnings or at least we feel that we're in a corporate profits recession. What I think has to happen is you have to flush out the market. The only way you're going to do that is by going up, forcing everybody in and then resetting the market. That's what I think is the risk to the market. I think the risk is to the upside.
Bloomberg News EV Reporter Sean O’Kane discusses Tesla signaling more price cuts ahead despite margin damage. Bloomberg News Space Reporter Loren Grush reports on SpaceX’s Starship rocket exploding shortly after liftoff on Thursday. Rachel Gerring, EY Americas IPO Leader, shares her insight on the current state of the US deals market. Bloomberg Businessweek Editor Joel Weber and Bloomberg Markets Senior Editor Mike Regan provide the details of Mike's Businessweek Magazine cover story Breaking Up With Your Bank Is Easier With 4% Savings Accounts. And We Drive to the Close with Mary Ann Bartels, Chief Investment Strategist for Sanctuary Wealth.
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