Where is This Market Headed?

By natural move of the market, the market is extremely unnatural right now. Facebook has gone up over $20 the past two days, just because of its release of Instagram Reels. Obviously innovation is great, but is it really worth a 10% increase in two days? It’s just a copy of Tik Tok. The NASDAQ is up over 11,000, after finally crossing 10,000 less than two months ago. Apple has gone up 80 points in the past two weeks, for what? We are in the middle of a pandemic, yes the government has given out plenty of stimulus money, but its hard to imagine that there can be this many investors to make stocks rise at unheard of rates, when the economy itself is extremely uncertain. The bull run feels great, but I’d be lying if I said I never start to question how this can even be possible. When will it cool off? It’s easy to say soon, but we were also saying soon two months ago. As always, proceed with caution.

-Darnel Shillingford

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