Earnings season is starting and is off to a record print. However, the fact to remember is that last quarter’s earnings are compared to the second quarter of last year, which was horrible due to the COVID shutdown.
Remember, market returns are not linear and can sometimes be random.
I think we are in for a sustained inflationary period because one-third of the index is housing.
There currently are over 9 million job openings available.
As much as we would appreciate a normal distribution of stock price returns, that’s just not how the stock market game works.