The Blubber

Nasdaq 100 rises 20% from its December low to enter a technical defintion of a bull market, per Bloomberg.

On Dec 28 was the low. Now is the current year high for the Nasdaq 100.

Numerous analysts have provided other predications, however.

For example: The founder of "The Bear Trap Report," Larry McDonald, shared his thoughts on the stock market, expecting it to crash in 60 days. from March 9. He expects a 30% drop in the next two months as investors were starting to favor bonds over equities.

In a statement with Fox News, Larry McDonald shared his set of 21 systemic risk indicators, highlighting how the Federal Reserve rate hikes could see it go from zero to over 4.5% in a year as they try to avoid historic inflation.

In a statement with Fox Business, McDonald shared how the market was experiencing a notable withdrawal of capital from middle-class families. He specifically noted that middle-class families were severely affected.

McDonald: "The withdrawal of capital from the middle-class families is so spectacular... The middle-class families are getting hammered here, and so the consumer pressure's violent."

The founder estimates that a 1% increase in rates could increase in an increase of costs for middle-class families by $50 billion. McDonald shared his reasons as to why he believes there to be a market crash in the next two months.

Read more: https://unusualwhales.com/news/the-bear-trap-report-founder-expects-stock-market-crash-in-60-days