Bubble or Bull Market?

The latest Core PCE data came in just below consensus, signaling that the Fed may continue focusing on economic growth rather than battling inflation. Markets initially reacted with gains but pulled back as the day progressed. Wall Street legend Bob Farrell once said, “A bubble is a bull market in which you don’t have a position.” That quote highlights how our own investments shape our market perspectives. Right now, the data suggests we’re still in a bull market. Stay tuned as I guide you through identifying leading stocks and navigating these trends.