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.