July 31, 2025
By Peter Bower
A few weeks ago, the Bull listed the many things that could go right. Sentiment on Wall Street was bearish, and investors did not see all the possibilities. Now that many that were listed have panned out, more investors are changing their minds. Certainly, the brigade of perennial bears is still out there voicing concerns. Realize there are always concerns. Investing is connecting dots surrounded by uncertainty. However, the preponderance of evidence is on the side of the bulls.
Technically, market internals are positive and point to greater gains. There has been a broadening away from sectors and stocks participating in the rally. The second quarter GDP was measured to have grown at a three percent rate. Inflation may not be exactly at the Federal Reserve’s target of two percent, but it is not far from it. There are still many earnings reports to go in this earnings season, but so far, most have been good. Remember, a strong economy floats a lot of boats. Be happy, stay steady, and enjoy the ride!
-The Lonely Bull
