Watch Out for This Possible Bad Omen for the Market

Watch Out for This Possible Bad Omen for the Market
·3 min read

Whenever we have one of these types of markets, where we get so oversold and sentiment gets so bearish and then we rally, the first thing I mark down in my notes is one question: How soon will everyone embrace the rally? If, rather, they are cautious or are at least not fully embracing of the rally, then we can climb a wall of worry for a short period of time. If we manage to rally into the end of the week and folks have moved to embracing the rally, then that is problematic.

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