Delta Variant – new virus front!

Good morning!

 Markets are higher again this morning as we enter a very bullish seasonal time. The sentiment remains bullish as the Fed continues to keep bond purchases going. Powell continues to reiterate that they will not try to lower inflation unless they see a longer-term, persistent rise. That means the market will continue to move higher. There is no other place to find growth other than the stock market. There are also historically very large amounts of money on the sidelines waiting for any opportunity to buy any dip.

Companies started to report their earnings this week and it will be another blow our quarter. So surprises like the CPI numbers yesterday and PPI numbers today do nothing to increase bond yields.

On the virus front, there is a lot of talk about the Delta Variant but current vaccines seem to be able to combat the spread based on US data where our herd immunity is over 50%.

So based on the above, the market will continue higher with very shallow corrections along the way. 

Check it out here: https://youtu.be/iMpkXS5wgPA

Talk soon,

Al Losada

Founder |  SimpleOptionStrategies.com

P.S. For live trade alerts, please check out our SOS Trade Alerts. We will be opening to new subscribers on Aug 3rd, 2021.

You can also check out my YouTube Channel at SOS YouTube

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