So what was not happenings on Friday, that should have Green Bay Packersga 120th Anniversary 1919 2021 Thank You For The Memories Signatures shirt if investors felt a crash was around the corner. As the broad market was having it’s worst day in 2 years, both gold and bonds (flight to safety asset classes) were both down. What does that tell us? Investors were not selling equities and rotating into either of these asset classes, which you would expect. Did we have any stocks making new record highs on the worst day in 2 years. Yes, Amazon made new record highs (again), and closed up over 2% from the prior day. Strange that you would have equities making “record” highs, and closing up from the prior day, if there was concern about a crash.
Green Bay Packersga 120th Anniversary 1919 2021 Thank You For The Memories Signatures shirt, Hoodie, Sweater, Ladie Tee, Vneck, Bellaflowy, Kids Shirt, Unisex and Tank Top, T-shirt
Best Green Bay Packersga 120th Anniversary 1919 2021 Thank You For The Memories Signatures shirt
What’s occurring right now is a much needed correction, and Green Bay Packersga 120th Anniversary 1919 2021 Thank You For The Memories Signatures shirt . At some point investors are going to have to take profits. I think we saw some of that last week, and will probably see a little more this week. We had FAANG earnings last week, and I think the market was waiting for this. We didn’t see any real earnings surprises, so there was nothing more to push the market higher. Remember, buy on the rumor, sell on the news. Here is what I think is going to happen. Markets go from trend to balance to trend. Big moves often take (days, sometimes weeks) to digest. Not all the time, but most of the time. I suspect the market may trade a little lower, but not too much. I think most of the move is over. Volume was up, but volume was spread pretty thin at all price levels Friday. Remember, it’s what the market doesn’t do that gives you information about what it may do next. What it didn’t do was drop and go sideways, and build value at these low prices. That tells us something different than if the market sells off with very little volume at each price level on the way down….which is what it did.