We are in an interesting market where news is driving the rapid swings in the financial indices.
Example: Last week it was the news on the fear of inflation which will be a transitory for the next two quarters.
This week is cryptocurrency which is being fooled by the back and forth of Elon Musk investing a ton of money in Dogecoin than backing off using Bitcoin to buy Tesla’s. It’s enough to confuse the best investors.
So with that being said, what will it be next week? Oil, War in the Middle East, Chip shortages?
All I can say is strap in for a wild ride as we come out of the coronvirus pandemic and adjust to the new normal (what ever that is).