Risk on Small Caps about to reverse course. The catch up play has gotten tired.
Weekly Initial Unemployment Claims increased sharply to 853,000 Up 137K from Previous Week. over 3000 deaths per day from COVID19, hotel occupancy down -40% from a year ago Air travel down 60% Core inflation 1.63%, vaccine or not the deep scaring in the real economy cannot be vaccinated away. If you thought 2008 to 2020 was slow growth, you haven't seen anything yet! If you are one who thought the markets are forward looking blah blah yeah well they never forward looked to 3000 deaths and reversing unemployment claims back up.