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Everybody, welcome to Monday, the S&P 500 was up almost 1.2%. Today, it was a really good day all together, lots of pieces that were in the green. Some of the technology pieces were really flying today. So what's happening right now that's very significant, first of all, is that we're kind of breaking through some barriers. Number one, is we got back above 4000, on the S&P 500. Again, I've been about that a few times, and it hasn't held up. But it's still considered a significant level. I think 4100 is a more important level. So we'll see how that goes. We're at about 41 40,000 4015 right now. But what's really significant is that there's been a trendline, that if you kind of connect across the tops of the highs, since the very beginning of last year, when we hit our all time high, we haven't been able to get through that we get really close to it. And we back off a couple of times. Now we've come through it during the middle of the day, but then close back below the trendline. And those didn't hold either. So today is the first day since the beginning of 2022, that we actually were able to close above that trendline we've had a fair number of false starts. But that's a really good sign. I'd love to see it continue to stay above that. trendline. So we'll see what happens here. We do have earnings coming out from the big companies, for example, Microsoft reports tomorrow, and what have you, the next two weeks are going to, I think, tell us a lot about what's happening. You know, do the companies have good forward guidance or not, I think that's probably going to be the most important part is you know, what they say about what they see coming in their future. But as far as that goes, we're seeing a good market here to start off 2023 There is a thing called the January effect where January if it's good can theoretically influence the rest of the year or vice versa. Certainly last year, you know, we saw January had a pretty, pretty poor month, and certainly had a poor year last year to go with that. So there's some hope there too. But the big narrative, of course, is that the earnings are going to be worse than expected for guidance is going to be worse than expected hasn't been priced in yet, we're gonna see the market come back down as it gets that priced in has not priced in this recession yet. And what have you, I will say that the one thing we have to be careful of here, especially looking forward and making projections is that, you know, the markets have had all of this history. And we tend to look at that history, because it is a representation of human emotion, which really hasn't changed. So if you look back and say, okay, the average bear market bottoms at this point, with this price, earnings ratio, and those types of things, you can carry that forward, just because again, we're looking at human emotion more than anything, or when we're looking at that history. However, one of the things that's a little bit difficult here is the pandemic is quite different. So when we look back at these bear markets, since World War Two, or whatever it is, we don't have a pandemic in there. And it really is kind of creating a really different dynamic. So for example, we have high inflation in this scenario, at least partly caused by the pandemic, the money that came out that restricted supply chains, we've got a situation in China right now, that is very interesting, and that they're released the zero COVID policies......
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