S&P 500, Nasdaq register biggest monthly gains since 2020
reuters.com
reuters.com
Some previous pain points which I've noticed & suspect are priced in already, and thus no longer relevant to near-term S&P levels:
Russian sanctions totally worked. People who know what they are talking about are coming out and loudly explaining how & why they worked. They explain this in terms that make it clear that well-considered sanctions are effective, and will be effective in the near-to-mid-to-maybe-long-term (this is huge) and this will work in favor of peace.
Housing market concerns: Already existed, have existed since post '08-2009 in trace amounts anyway, and will continue to exist. Homeowners are emotional people, I know because I am one myself. Investors are also emotional and a lot of them are homeowners. Voila, tons of downside worry from people pacing around houses with mortgages and tax bills. But really an issue for higher timelines than the current one that non-shorts are enjoying.
Crypto skepticism--already priced in because it's been just as incessant as the love for crypto. Again and again it turns out you can make money in a given market by taking positions other than those espoused by Warren Buffett, so the skepticism started to look suspiciously subjective and grumpy after a while, and then this regression kicks in and...what was even the point? We know that markets are cyclical. Who's going to lay on the beach and complain about the lack of a sustainable perma-wave, and who's going to set up for the next wave.
Other bad economic news: So much of it is up for debate, and people are arguing about it, hedging and clarifying. This is its own message. The market doesn't wait for this stuff, it simply keeps operating in the meantime. For lack of defined downside energy things will tend to cycle and float up.
And: A significant local support level for volatility was just shattered on the downside. A lot of people looking to short the S&P will either end up on the sidelines in a cash position or studying day trading for the time being...