The stock market could rally more over the near-term, but given what the Fed is really trying to accomplish, we'll see lower-lows eventually in this bear market.

Table of Contents:

1) What is the Fed really dealing with right now…and what are they really trying to accomplish?

2) One reason why a new low will be reached in stocks eventually is because inflation will remain high.

3) Another reason is that a recession is all but a lock right now.

4) The word “capitulation” is mis-used quite often. (We haven’t seen it yet, but it’s coming eventually.)

5) There are several developments that point to further gains over the near-term in the broad stock market.

6) Update of the SPX & NDX charts. (Positive MACD crosses.)

7) However, the stock market NEEDS help from the chip stocks.

8) More bullish developments from the energy sector.

9) Mid-Term Elections….Some surprising changes from a few key voting groups.

10) Summary of our existing stance…….We cannot go back to what existed in 2021.

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Thank you very much!

Matthew J. Maley

Chief Market Strategist

Miller Tabak + Co., LLC

Founder, The Maley Report

TheMaleyReport.com

275 Grove St. Suite 2-400

Newton, MA 02466

617-663-5381

mmaley@millertabak.com

Although the information contained in this report (not including disclosures contained herein) has been obtained from sources we believe to be reliable, the accuracy and completeness of such information and the opinions expressed herein cannot be guaranteed. This report is for informational purposes only and under no circumstances is it to be construed as an offer to sell, or a solicitation to buy, any security. Any recommendation contained in this report may not be appropriate for all investors. Trading options is not suitable for all investors and may involve risk of loss. Additional information is available upon request or by contacting us at Miller Tabak + Co., LLC, 200 Park Ave. Suite 1700, New York, NY 10166.