Plus, we cast a wary eye at the narrowing spread between the yields of the two-year and 10-year Treasury notes.
The stimulus honeymoon is over, but that doesn't mean commodity and financial markets won't continue to be influenced by the increased money supply.
Any day can be a down day but here's why I still think the market has an upward bias until early January.
The last two years has seen an 'everything bubble.'
Let's review the charts and indicators.
Yes, volatility beckons. I hear it too. There may be a revaluation of equities across the board in 2022.
Mark Twain taught us that history doesn't repeat itself but it often rhymes.
An overbought reading like this has only been seen one other time in the last seven years.
Unless you are a great stock picker and timer, a strategy of taking profits into available strength the next two months is key.
There are other reasons that contributed to Friday's selloff that still need to be resolved.