
MacroVoices #352 David Rosenberg: This Bear Market Has A Long Way To Go
Macro Voices
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The Bear Market Isn't Over Yet
Most bear market rallies have failed at or near the 200 day moving average. If this rally continues higher, I think it's probably a sign that a Santa Claus rally will continue through year end. Since this might be a top or near a top of a bear market rally, I'm inclined to start laying on some S&P puts as a hedge against the broader market selling off in 2023.
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