May

20

In addition to the relentless new highs we saw a short while ago, there are sideways consolidation periods before an eventual break out.  It can be understandable after massive influx of liquidity, then an end to the surge.  The theory is that the economic momentum will shift to actual production.  Hopefully the supply disruptions will smooth out in a year or so.  I still can't get a hold of a jet ski or outboard. 
I am seeing help wanted signs all over, especially in restaurants which are now just opening back up. 
Timing wise, assuming the 2020 crash was our bear market, there could be  3 or more years of bull market ahead.  The average bull market lasts for 2.7 years. The average frequency between bear markets is 3.6 years.

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