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.
The three factors are Price, Volume, and Volatility with Volatility being the most important.
We will soon start having some headwinds as people on unemployment and getting the extra $300 per month will soon lose the $300.
We don’t see a change in the Quads coming soon so it looks like smooth sailing for a while.