This guy... Chris Harvey, Head of Equity Strategy at Wells Fargo said:
“In our view, equity downside will be driven by worsening economic conditions, a function of: aggressive monetary policy; potential capital/liquidity issues catalyzed by the bank crisis; and a consumer that is increasingly reliant upon credit to sustain spending,” Harvey and his team of strategists said in a note to clients Tuesday.
Predicts a price target of 3700 in the next three to six months. The near-term Fed pause is rally already reflected.
I have no idea anymore. I guess I'm a bear? Or bull? All I'm convincing myself of is that I have lost all knowledge on how to understand the market. Everything is a contradiction, every indicator is backwards. No idea anymore.