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Just a recap for this week (Investors need to dig below the surface of the stock market. When they do so, they will find that the big money is in the $5.1 trillion hideout of large-cap tech stocks, which will be tested this week.
The test
What happens next to the stock market will depend on this $5.1 trillion hideout cave holding strong or crumbling. Beware that the impact on the stock market will not be about the facts but will mostly depend on the confirmation bias of investors. Please read “Wall Street wants you to believe everything is peachy” and “This 25-year stock market chart shows investors are under a spell of bullishness.”