By: Jeffrey Buchbinder, CFA, Chief Equity Strategist, LPL Financial & George Smith, CFA, CAIA, CIPM, Portfolio Strategist, LPL Financial
Investors cheered the two better-than-expected inflation reports last week, pushing the S&P 500 to 16% above its June 16 low and only 11% below its all-time high. After this rebound, the key question investors are asking is whether this is a bear market rally that will soon fizzle or the start of a new bull market. There’s too much uncertainty to have a high conviction view right now, but we do believe the odds have risen that a new bull market has begun.
Read the full commentary here: weekly-market-commentary-8.15.2022