-
Economic forecasts are getting revised up, and people aren’t thrilled about it
This post was originally published on TKer.co Stocks inched lower, with the S&P 500 declining 0.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} last week. The index is now up 6.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} year to date, up 14{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its October 12 closing low of 3,577.03, and down 15{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its January 3, 2022 closing high of 4,796.56. “The bear market is over, but it is not the great reflation,“ Chris Harvey, head of equity strategy at Wells Fargo Securities, wrote on Monday. “We see neither a bull nor a bear market, just a market.“ Calling it a “‘just-a-market’ market,” Harvey said he expected “some giveback, but not a sharp near-term reversal.” Indeed, we are hearing less from those…