A. -- It's way up. Simply put, every day there are forces to push the market up and forces to push the market down. If the S&P 500 has been way up for a while: the factors for pushing it down have a higher weight than the factors for pushing it up. What goes up must come down eventually.
B. -- People are starting to look at company revenues. Sure, some of the big boys have strong revenues. But not all 500 companies in the S&P 500.
C. -- Small-cap companies are running on fumes. So many small business closed for good this past year. Most small businesses still open are barely staying open.
D. -- The Fed is saying they're going to slack off on how much they spike the punch bowl. Less of what they a few years ago as "not QE" but was really more QE, means less make believe money going into the market. I know the Fed setting the tax rate gets most of the press. But this is more important.
New York Times tracker, the most since March 1, and consist almost entirely of unvaccinated people.
The big lie... then they mention Florida and Texas.
Florida sees new COVID cases drop by 47% in the past two weeks (four days ago). Florida cases spike earlier because people were staying inside due to heat (our flu season). Soon, the north’s cases will be spiking. Also, the Anti-Body Treatment centers DeSantis setup are working great.
What they don’t mention is housing prices jumping by 30-40 percent in the last couple of months. This can not last, the housing bubble is going to burst.
Small companies are not small. Most have hundreds to thousands of employees. They are only small compared to the s&p 500 firms