In last week’s commentary, the focus was on our year-end playbook. I discussed two possible outcomes in the near-term: the double bottom would hold and the S&P 500 (SPY) would continue grinding higher; or a retest of these lows. In today’s commentary, I want to discuss why both of these predictions are coming true. Then, I want to reiterate the bullish case for stocks. Read on below to find out more….(Please enjoy this updated version of my weekly commentary published December 13th, 2021 from the POWR Growth newsletter).
First, let’s do our regular review of the past week:
So, the S&P 500 exemplifies what I was discussing in the introduction.