The Nasdaq, S&P 500 Index or SPX, and Dow Jones today seem to be resilient amid all of the economic data. However, Bob Iaccino states that equities today are overpriced. Are the October 2022 lows not the lows of this bear market? There seems to be weakness in the U.S. economy as the JOLTS number was lower since the first time of July 2022. Iaccino also says that several factors do not bode well for profits for the upcoming earnings season.
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