Sep. 16 at 9:47 PM
$CSCO This is probably the most hated stock on the Street, which is why it can barely move a couple of cents before getting slammed back down. IMO, the real shitshow could begin tomorrow if not prolly next week.
Today’s and yesterday’s rally felt fake and, in my opinion, heavily manipulated. Anyone looking at the bigger picture can see the setup as rates were hiked, the statement was hawkish by the chairman, and another hike remains possible if inflation doesn’t come under control. Energy prices are jumping, the dollar is strengthening, and bond yields have moved higher.
To me, that makes the recent rally look more like a temporary move than a sustainable reversal.
