I just can't get enough of this chart. I keep staring at it and I just have to share it. (Maybe again? I forget if I did before)
Green is general regression line from 2019, copied down to the March 2020 bottom
Red is the general regression line from about 2017, copied down to the March 2020 bottom
Blue is a April 2020 bounce, striking through many potential pivot points since then.
And overall, not saying that it will fall from here but it does show that April 2021 was special. We finally made it above and stayed above a long running trendline and can be said to be doing better than if 2019 AND 2020 were normal years. Now if we sell off, it will be because stocks are expensive now and it will be tough to continue this earnings growth; ergo money will try to find a cheaper place to camp. Maybe short dated bonds will finally have a come back? I don't know honestly.
Green is general regression line from 2019, copied down to the March 2020 bottom
Red is the general regression line from about 2017, copied down to the March 2020 bottom
Blue is a April 2020 bounce, striking through many potential pivot points since then.
And overall, not saying that it will fall from here but it does show that April 2021 was special. We finally made it above and stayed above a long running trendline and can be said to be doing better than if 2019 AND 2020 were normal years. Now if we sell off, it will be because stocks are expensive now and it will be tough to continue this earnings growth; ergo money will try to find a cheaper place to camp. Maybe short dated bonds will finally have a come back? I don't know honestly.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.