Observations of tiny pullback

Some observations.

–> The market could be getting inflated from inflation expectations going higher; I make my case by “Basic Materials” and “Energy Companies” providing for over
18% of this rally over May. If this view suddenly changes (see pic above), we could see a large move downward.

–> If the market begins a “correction” at this point, we can expect to see Gold fall over the short term, but I believe safe haven trade, will provide support or even be case for higher prices in the medium term.

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