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Afternoon Note

Licking My Chops

By Charles Payne, CEO & Principal Analyst
6/8/2021 1:21 PM

The number of job openings in the US rose by 1.0 million from March to a record shattering 9.3 million in April.  This is an amazing economic backdrop that could fuel organic growth well into 2022 and longer if we can get people to work.

Meanwhile, the inability of major indices to breakout continues to frustrate.  The NASDAQ is at a key resistance point, and the S&P 500 is right in the shadows of an all-time high.  But they keep failing just as they look like there is the right momentum.

Chart, line chart, scatter chartDescription automatically generated

Our cash level is lower, so I would not force it, but I am licking my chops.


Comments
DAN NILES SAYS THERE WILL BE A 20% DROP IN THE MARKET BY THE END OF THE SUMMER

ERNEST REMUS on 6/8/2021 2:06:00 PM
 

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