Fabulous Friday Finish – Everything is Awesome
Best week since April!
We’re up 2.5% this week and sure, it’s a low-volume rally based on Powell’s promises that inflation isn’t real and there’s plenty of free money backed by Biden saying the Government will print even more money and nobody seems to think debt matters anymore so PARTY!!! “That also reassures the market that the Fed will not be overly hawkish in their tightening policy,” said Peter van der Welle, a strategist at Robeco. At the same time, “the infrastructure deal also portrays that the fiscal thrust is still very much with us,” he added.
Of course, the Dow still isn’t back to the May/June highs but an optimist would say that means we have 1,000 points more to climb and who isn’t a market optimist these days? The S&P 500 is at new highs (4,260) and the Nasdaq is testing 14,400 and the Russell is almost back to 2,375, where it was in March, when we were being promised $2.2Tn in Infrastrucuture. So now we’re getting $1Tn – that’s just as good, right?
Any excuse for a low-volume rally and Gasoline (/RB) is back at decade highs – even though we’re using substantially less of it. What differecne does that make? Consumers have money and our Corporate Masters have all the data they need to figure out the best way to squeeze it out of you. They know what buttons to push and when to push them, don’t they?
And what could possibly go wrong, just check out the headlines from the Corporate Media (WSJ front page):
- Stock Futures Point to Best Week Since April for S&P 500
- Consumers Are Back Out Spending, Driving the Recovery
- Biden, Senators Agree to $1 Trillion Infrastructure Plan
- Fed Gives Big Banks Clean Bill of Health in Latest Stress Test
- The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen.Unlike Anything You’ve Seen.
Wow, all this great news makes me want to run out and buy stocks before the Nasdaq hits 30,000!
Oops, forgot about that, didn’t we? Well, it’s only Sydney – they are on the other…
Provided courtesy of Phil’s Stock World.
To read the rest of this article now, along with Phil’s live intra-day comments, live trading ideas, Phil’s market calls, additional member comments, and other members-only features – Come to the winning side at Phil’s Stock World by clicking here.
To sign-up for a free trial membership, click here.
Source: https://www.philstockworld.com/2021/06/25/fabulous-friday-finish-everything-is-awesome/?utm_source=beforeitsnews&utm_medium=feed&utm_campaign=psw-feeds&utm_content=article-link
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).