Bears about to give up?
JPM's trader Matt Reiner sums it up well: "...the bears are beginning to grow tired and showing signs of wavering, questioning if the potential of a Hard landing, Recession, World War, Asset Bubble Pop, Debt Ceiling breach, Crippling Inflation, Screaming Rates, and Faltering Economy, and more will ever lead to a material move lower in equity markets… And in my view, that’s new. This could be a technical setup for a move through 4200 once some of these negative overhangs begin to fall off. And they will… soon."