Good morning!
We have had five straight days of gains and due for at least a small pullback. This would be healthy for the market in order to digest the recent move higher. So at this point, we need the bears to step in to keep things in check. After that, the market will most likely move to new highs. Earnings so far have been very good, so no surprise there. A couple of things that could derail markets are higher than expected inflation that would lead to a Fed policy mistake or another type of Covid variant that is resistant to current vaccines. However, that is a low probability. Overall, things look good and better days ahead.
Talk soon,
Al Losada
Founder | SimpleOptionStrategies.com
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