A guy I follow on YouTube is predicting more correction, then a new high with the massive crash coming in the 3rd or 4th quarter. I dont think the FED will let a crash happen before Congressional Elections.
In a simplistic sense when the Fed turns off the spigot the pool will drain.........
Biden is hastening this with his policies across the board.
I dont think they are going to have a choice. Its either tighten up and crash, or do nothing and have inflation go wild.
Your average Dem voter has little invested. They think everyone in the stock market is a rich bastard. So, crashing the market will make them feel good.
The fact that many of them will lose their jobs later won’t occur to them until after the mid terms, yet before the Presidential.
Is that David Hunter you follow by any chance? He’s predicting a “parabolic melt-up” THEN 80+% crash to follow.
I personally think he’s a little off his rocker, but he does have a reasonably large following.