Updated: May 17, 2021
This week served as a reminder that markets do go down as well as up. Our latest Shot Clock Market Minute (link here) from Monday suggested that the market decline which occurred midday could lead to more selling in the time ahead. This did happen - a necessary evil - and provoked fear tabbed by media outlets as concern over inflation. From our chart analysis, and as stated a few times, we are due. Will this be a 10% or more drop (correction)? It might be - see our Team Talk to help you mentally prepare. If we see the 5-10% variety, this might suggest a few more volatile weeks ahead of a more sustainable recovery. Summer is often marked with lower trading volume and higher market volatility. So be prepared as we continue to monitor the lineup and give our latest 'players' some time to do their thing!