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6/30/21 - S&P sets record high for 5th straight day
A small gain for the S&P puts it to a new record high, with the Dow also making a nice gain but tech having a tiny loss on the day.
Institutional investors are sitting on larger than normal piles of cash, ready to be deployed, which further adds to the summer bullish sentiment and will hopefully keep any dips from turning into larger corrections.
Home sales in May reached their highest prices since 2005, however the mortgage demand over the past month has gone down. With materials starting to not be in such short supply, and demand for new home mortgages going down, is this a sign that the market is cooling off? Or will it continue at its blistering pace?
Bitcoin still hovering around 35k, nice to see a consolidation here which is likely due to the FUD sellers having already exited their positions. If we can make a meaningful move above 40k then expect a pretty hot rebound for bitcoin and the crypto markets.
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By Derek HutsonA small gain for the S&P puts it to a new record high, with the Dow also making a nice gain but tech having a tiny loss on the day.
Institutional investors are sitting on larger than normal piles of cash, ready to be deployed, which further adds to the summer bullish sentiment and will hopefully keep any dips from turning into larger corrections.
Home sales in May reached their highest prices since 2005, however the mortgage demand over the past month has gone down. With materials starting to not be in such short supply, and demand for new home mortgages going down, is this a sign that the market is cooling off? Or will it continue at its blistering pace?
Bitcoin still hovering around 35k, nice to see a consolidation here which is likely due to the FUD sellers having already exited their positions. If we can make a meaningful move above 40k then expect a pretty hot rebound for bitcoin and the crypto markets.