Seeing Some Downturn
An about face is here… the ugliness of the Covid and what it did to the economy is now showing its ugly head. I am re assessing. The stimulus and unemployment to individuals is over and now the Congress is attempting to pass more spending bills when the US economy has not recovered.
As I have mentioned in many of my videos, the stock market does not like increased taxation, increased inflation and uncertainty. All this is weighing upon the stock market and households are dealing with rising prices at the gas pump and at the grocery store and are still battling Covid cases. It’s not a good situation overall. If both huge bills pass I believe the stock market will become bearish. My opinion is my own and not investment advice. Always check with your investment professional before making any investing decisions.