Market Watch Weekly | July 16, 2021 | Looks like Travel is Ramping Up Again... SPACE Travel That Is.
Erik Dekker - Jul 16, 2021
With the summer in full swing and trading volume at a crawl, the last few weeks offered a bit of everything for investors, from labour market readings to Federal Reserve minutes to rising uncertainties around COVID variants and their implications for global growth. And through all that, stocks logged another decent week, with the S&P 500 touching new highs amidst an earnings season that is starting off better than expected.
Many are convinced that a US stock market correction, or even a bear market, is inevitable. So, when the S&P 500 was down 1.6% last Thursday, many thought it had arrived. Then, the S&P 500 rebounded and hit a new all-time high on Friday. The point being that being a long-term bear on equities has not worked for a long, long time. In fact, it really has never worked.
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