Currently, the US market has been supported by fiscal support, as means of aiding recovery from COVID-19.
Several States now withdrawing Federal support!
As a side note: if $300 week social welfare support is so generous it stops many from working, there's a fundamental problem with the US wage structure!
In any case, my Market Crash indicator is still neutral.
Let's keep an eye out over the next week, as support withdrawal starts to take effect. Either:
1) workers go back to work and economy kick starts; or
2) economy falters, growth estimates and marker corrects -- or crashes!
Be prepared for short side positioning.