According to James “Rev Shark” Deporre, the largest barriers the stock market faces right now are negative seasonality and a short supply of positive catalysts.
That scenario isn’t expected to change anytime soon.
Deporre, writing in Real Money, noted that the economy still shows signs of slowing down, especially with the Delta variant hanging around. But unlike the past 18 months in pandemic mode, this time the Federal Reserve won’t be riding to the rescue with massive stimulus programs. “Fiscal stimulus is likely stalled due to political battles,....More>>>