Mohacsy's Safe Portfolio Member Forum

[santafe2]

What will be the catalyst for a market pullback? It appears that the Delta variant is beginning to slow people's willingness to travel and most of the government direct giveaway to the masses is also ending. I also see one other catalyst.

It's not often Chuck Schumer and Mitch McConnell are on the same side of a spending bill but both voted for the infrastructure bill. I think McConnell let his people vote for it because he knows the progressive caucus in the House has said they will not vote for it without passage of the $3.5T reconciliation package.

So Delta will likely peak in a month or so, the giveaway will be but a memory and neither of these bills will have passed in Congress. If this all aligns, the markets will not be happy as they like certainty and even more so, free money. We'll see.