Stock Market Update: June 18, 2021 - Signs of Inflation

 For the first time in a while, markets were down at the end of the week. The worst since February. 

 Contributing factors include expected rate hikes by the Fed.

From a stage analysis view, we are still flying high, but and this is a big but, the 3 major indexes look poised to go below their 30 week moving averages. If this happens we may be entering stage 4.

CNN's Fear and Greed indicator is the lowest it has been in quite some time.

Housing continues to be out of control! Prices are skyrocketing. COVID cases are way down in the USA and there is hope for the future.

Stock Market Update - June 4, 2021

Market continue to be in an uptrend. All indicators remain up. Jobless claims are going down and with the COVID vaccine being distributed the economy looks to be poised for a recovery. I am interested in energy and travel stocks.

XLE Spider is showing signs of recovery and has a ways to go to get to the last high. Even with the move to electronic vehicles we will still need energy for years to come.

An interesting set of news articles surfaced this week related to the COVID outbreak's potential source being the Wuhon Lab. Vanity Fair has a nice article here. 

Bitcoin has been a bit of a ride these last couple of weeks as Elon Musk is in then out.