Bearish Catalysts

I think right now the bearish catalysts are:

1. More rate hikes than ppl anticipate
2. Labor market starts to roll over
3. Corporates start to see profits really dwindle
4. Oil climbs higher
5. Quantitative tightening hurts stocks

However, I think the risk is to the upside. There are a few bullish dynamics in the market that people are missing.

1. Equity valuations relatively attractive
2. Investors underweight stocks, lots of ppl in cash and we saw that over the past few weeks with equities soaring - ppl rotated baqcfk in.
3. Sentiment seems to have bottomed out after hitting historic lows.
4. Inflation might be peaking out, which means we may see fewer rates
5. Dollar looks to have peaked
6. Labor market still strong, corporate earnings were strong in 2Q
7. Earning estimates have already come down on wall st.
8. Other economies aren't really rolling over, there is still strength out there