5 reasons equities rallying. Expanding breadth affirms 2022 “bottom” is in. P/E can expand with Fed hikes, as long as “shocks” are avoided. 2H rally.

We are starting to see strengthening internals for equity markets, including key leadership improvements from Technology ($QQQ) and small-caps ($IWM) and measures such as advance/decline lines. Thus, from the perspective of our Head of Technical Strategy, Mark Newton, this is the healthiest expansion of participation all year, and a key reason he believes the “bottom” for 2022 is in.

skepticism of this rally is rampant, not surprisinglythe plurality of our clients call this a “bear mar...

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