I believe that today marks the beginning of a slight downturn.
It's a bold guess and of course could just be random but there are several variables aligning in addition to recent events.
Transfer of presidency (of course a big one) Capitol Hill Riots Boeing Plane Crash (even though looking it may not be have any fault of Boeing) "Dumb Money" bullishness still near record high Bitcoin pullback P/E and P/S at astronomical multiples historically TSLA has gone completely euphoric/FOMO mode - "the $1.2T in Tesla stock traded in the past 6 weeks is more than Facebook traded in all of 2020"- The Hustle. COVID issues of course with the new strain seeing a surgence in US, China, and of course Britian
There just seems to me there are too many variables all stacking and it seems like this could be the breaking point. What other factors are we looking?
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