Flip a coin - Markets are now at an interesting intersection. They have bounced nicely looking forward, but it will take time for the economy to heal. Yes, indicators are showing that the reopening is helping, but at some point the low hanging fruit will be harder to reach. Volumes have been trending lower recently (yesterday was down 23% versus 5 day average), and that can be an indicator that investors are unsure what to do next. The S&P 500 is trading at 3100, Nasdaq is close to new highs, and the Fab Five have three companies with market caps near $1.5 trillion. How long can Buy the Dip hold?
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