Macro environment is still very bearish. If there is a pump, it'll be a short term relief rally. I'd guess that we'll be stuck in this rough chop, trading in range until something breaks (perhaps the housing market or default of some EU countries)

I saw some news yesterday that Italy is starting up the money printer with a stimulus bill again. I'd assume Biden follows suit in desperation before the US midterm elections in November. Interesting times ahead - great for stacking sats :)