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The stock market's bull run since October 12, 2022 has raised some concerns lately. According to the naysayers, earnings growth expectations may be too high because there are mounting signs of an economic slowdown that might lead to an economic recession. The breadth of the stock market rally continues to narrow, which may be confirming that the underlying fundamental support for the bull market is narrowing. If the Fed averts a possible recession by lowering interest rates, stocks could rally, but valuations are already stretched. Any blowoff rally could set the stage for a severe selloff.
These are all legitimate concerns. Here are a few reasons to be somewhat less concerned:
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