The overall market is insanely expensive and has gotten too far ahead of itself says Kevin Smith as two of the four major U.S. stock indices, the S&P 500 (SPX) and Nasdaq-100 (NDX) closed at fresh record highs Monday, June 28 while the 10-Year Treasury Index (TNX) took a step back. Rising inflation is the biggest cause for concern, Smith says, who adds that the Federal Reserve's claims of "transitory" inflation may be far fetched.
Market On Close
28 Jun 2021
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