On Friday July 16, 2021 the market lost 300 points in the Dow Averages, to produce the first down week in the past three weeks, despite record closing highs earlier in the week. Is this simply a profit taking pause, or the beginning of something more significant? A stock market trend change?
As Warren Buffett, the Chairman of Berkshire Hathaway has said,
“You don’t know who was swimming naked until the tide starts going out”