It just seems from what we last heard from Powell, the delta variant should not be effecting the economy. Vaccine stocks rallied today but the S&P was red, suggesting what Powell says is wrong… Or is it? This Accumulation phase we are seeing maybe just be a stall out for SPY to keep reaching new highs before September. In September the Fed will have to revisit the topic of unemployment benefits. Until then I see retail investors buying more stock.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.