It's good news Wednesday, stocks and the economy did not disappointment!! Stocks were up with the S&P and NASDAQ hitting new highs. But the best news is about the economy. ISM and PMI manufacturing indices at pre pandamic levels. (See the attached article.) My contacts in the manufacturing sector tell me they can't keep up with new orders. Some are 6 months to a year behind in filling orders.
Does a good economy mean all is up and away for stocks? Not so fast.
The second article attached shows that the pros are exiting stocks.