RE:RE:RE:the chart is very nice for the last monthThe argument of following the market works both ways.
The market entered bear territory this summer with AC following and printing its annual low. Where we go from here will depend much on inflation and whether the FED can meaningfully bring it down without cratering the economy. Last week's better than expected CPI report was a positive sign that the FED is winning.
I see some chop ahead come September which is a typically volatile month. But, we are not going back to $10 or $5 like someone on this board thinks. That would indicate a failed fiscal policy and I am not in that camp much like I was not a believer that covid would destroy us all.
givemeabreak1 wrote: The market is at a 2 month high so AC has just followed the market up! Next quarter is a big one for AC concesus is they earn a profit for the first time in god know when. If they disappoint again look for it to go back in to the low to mid-teens. On the other hand, should they exceed consensus could see it back in the mid-twenties. This might be their last chance for market forgiveness