Minimum wage in any real form isn't even on the front burner at the moment. Last I heard they are talking about staggering raises progressively for five years to $15. AMZN, TGT ,HD , LOW plus more are already on about year four due to market pressure and blowing away profit records. You can check the tape on the profits. It surprised me.
I think SPY is good for a few hundred more points in 2021 due to liquidity and TINA but we are overdue for some chop. Probably by summer. Market didn't care about over valuation 20% ago so I am not going to know when the music stops in advance. The super specs pulled back and the market barely blinked.
I think SPY is good for a few hundred more points in 2021 due to liquidity and TINA but we are overdue for some chop. Probably by summer. Market didn't care about over valuation 20% ago so I am not going to know when the music stops in advance. The super specs pulled back and the market barely blinked.