Auto dealerships with no inventory for months, empty store shelves, thousands of small businesses shuttered, inflation/rising fuel prices, supply chain issues, “not so” federal reserve tapering, interest rate increases on the horizon, employee “vaccine mandate” terminations, slowdown in the commie economy...you get the point.
All this and more will drag on corporate earnings, consumer spending. The federal reserve pulling support from the markets will reveal the true state of the economy in coming months.
Not to mention the last correction being March 2020 was very brief because of the lockdowns, we are loooong overdue for a bear market correction of 20% or more.
When the markets are rising despite news like the above, keep your eyes peeled. Before any correction, those institutions will talk the markets up, encourage investors to invest, throw caution to the wind...then...POP!
“Auto dealerships with no inventory for months, empty store shelves, thousands of small businesses shuttered”
Hasbro toys sold something like 30-40% less toys last quarter but made a near record profit because the prices of the toys skyrocketed and they have less workers.