Sooner or later there is going to be a correction. And the further the equity indexes run, the greater the likelihood is the bigger the correction will be. That is just how it works.
Here is my top five catalyst list to get the downside action started:
1.Supply chain issues. We already have several issues here but the lead has been semiconductors and its impact on the auto industry. Today I pulled into McDonalds and could not get a Bacon, Egg & Cheese Biscuit as they were out of Biscuits. Then I asked for a Large Coke. Denied. No Large lids. Enough said.
2.China & Russian relations awful and the question is will China take Taiwan by themselves or with Russian help? I have even seen an article saying Pearl Harbor 2 is coming. Doubtful.
3.Delta Variant of Covid becomes a rager and worse than its parent Cov0d-19.
4.Tether blows up the commercial paper market or another Crypto goes bust.
5.The Gang That Can’t Shoot Straight in Washington D.C. creates a default on the debt in August.
All possibilities, just saying…