It just seems from what we last heard from Powell, the delta variant should not be effecting the economy. Vaccine stocks rallied today but the S&P was red, suggesting what Powell says is wrong… Or is it? This Accumulation phase we are seeing maybe just be a stall out for SPY to keep reaching new highs before September. In September the Fed will have to revisit the topic of unemployment benefits. Until then I see retail investors buying more stock.
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