04/22/2023
“For many investors, it’s hard to square the market’s strong performance over the previous six months against an environment that has seen economic and profit growth slow while monetary conditions have tightened considerably. Throw in still elevated inflation and likely reduced lending across the economy over the coming months and quarters, and you wouldn’t be faulted if you couldn’t decide if the current stock rally is the start of a new bull market or simply a prolonged bear market bounce that might be getting long in the tooth.”– Anthony Saglimbene, Ameriprise Chief Market Strategist
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