July 23, 2021
Good morning,
A simple definition of increased market volatility is that the world can look profoundly different in just a matter of hours. At mid-afternoon on Monday this week, who would have thought that as Friday’s open approached we would be only a few points away from new all-time highs on S&P Futures.
The payout for such an emotional toll is the relief of excessive optimism. The latest dip actually produced an oversold condition earlier this week. This and solid macro influences has been fuel for the resumption of this Bull’s climb.
Hope you have a great weekend, see you Monday.
Be well,
Mike