Wednesday June 16, 2021
that is an old axiom about Wall Street. Seasonally the market tens to top after April 15, later this year as tax day was extended, and makes rally in August followed by a low in October-November.
As noted in a Tom McClellan peice posted a a few days ago, the FED is not involved in QE 4, pumping money into the system and supporting stock prices.
We may have a 10% correction here. Bonds are still not doing much, I would prefer to wait for a top there and begin a position in TBF.
Crude oil continues to creep up.
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