bullish
Weekly Stock Bullfinder - Week of 5/30
SUMMARY
The S&P 500 gained 6.6% this week, snapping a 7-week losing streak, and posted its biggest weekly gain since November 2020.
It remains to be seen if this is beginning of a bear market bounce or something more sustained.
Keep in mind that while the Federal Reserve has raised interest rates (and will continue to do so until inflation is lowered), the shrinking of the Fed balance sheet has not yet started and will begin in June.
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