Market Overview - The NASDAQ experienced a significant selloff that quickly affected larger averages, leading to concerns about a potential market decline due to the Federal Reserve's tightening policies [1][2] - Despite initial fears, the market rebounded with the Dow finishing up 100 points, S&P gaining 0.33%, and NASDAQ increasing by 28% [2] Market Sentiment - There is a prevailing narrative among commentators that the stock market is on the verge of collapse, despite the absence of a significant decline since October [3][4] - The market has shown resilience, with new sectors turning bullish after minor sell-offs, contradicting the bearish expectations [4] IPO and SPAC Performance - The IPO market saw nearly 400 launches in 2021, many of which performed poorly, particularly SPACs, with about half trading below $2 [5][7] - The performance of new cloud software companies has disappointed, leading to a shift in focus from revenue growth to actual earnings [8] Economic Indicators - Major banks like Wells Fargo, Citigroup, and JP Morgan reported strong quarterly results, indicating stability in lending units and commercial real estate [17] - Auto loans, home loans, and commercial loans are performing better than expected, suggesting a stable economic environment [18] Market Dynamics - The current interest rate environment allows for attractive returns on cash, with rates around 4.15% for savings accounts, which some view as a bearish signal for equities [10][11] - Despite negative rhetoric surrounding the market, positive economic data continues to be overlooked, with a focus on recession fears dominating discussions [20][21] Future Outlook - There is an expectation that upcoming positive economic numbers will be dismissed, reflecting a pattern in the current bull market where good news is often overshadowed by bearish narratives [22]