Failure To Launch
Bull market potential was never realized and that gives the bear another day in the sun
Key Takeaway: Favorable conditions were in place, but the bull market failed to launch. The question now is how much damage the bears will do.
More Context: New highs briefly eclipsed new lows at several points over the past year, but each time bull market potential failed to be realized. We are now at 7 weeks and counting of more new lows than new highs. The tape is not on the side of the bulls fear is curiously absent.
More on why market concerns do not subside just because we reach the end of the month:
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