My opinion, (not asked), Market overall needs a correction. The stimulus has hidden taxes to all working Americans, and much higher taxes, national debt expected to increase 50% in the next 4 years.
The thing is- bad catalysts (covid, extreme overvaluations, Huge debts, rates Will need to correct upwards while many people wont be able to afford it) this can all be fine as long as the momentum keeps going up. Money Prints money. But when you see a technical weekly chart weakness of $SPY and have all these big concerns it sets a completely different stage.
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