FXstreet

So soon? Yes, it looks like the stock market has created a foundation for the next bull market leg.

“Correction” is the right label, but “entering a correction phase” is not. The U.S. stock market’s unusually fast drop looks to have done the job of curing latent worries and setting the stage for a bull market continuation.



The U.S. stock market’s sharp drop appears to be over. Growth fundamentals are intact, the too-steady/too-high worries are gone and the rising interest/inflation rates are positive accompaniments of growth, not reasons for further declines. Therefore, now looks to be a good time to buy/own U.S. stocks.

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