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Markets Continue To Show Resilience, Evidence of Potential Strong Forward Returns Is Ample

STRATEGY: Consensus bearish, yet markets resilient = market “whispering” bottom

While consensus remains bearish and pundits warn of dangers ahead, we still lean “bullish” against consensus
With each passing day, when 1H2022 is characterized as “treacherous,” it is increasingly obvious. Think about the threats to equities:

Bond market is hawkishly confused (messed up yield curve) and bullying FedFed officials are going full blown hawk-mode (Kashkari yesterday)Oil surgingWar headlines dep...

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