The fall was due to happen. Some would just call it a correction. I do wonder if they will climb again as a place to protect assets from inflation. 3.5 trillion spending bill is being negotiated right now. Largest tax increase in US history. Due to tax increases, the rich are bidding up tax free municipal bonds. The stock market also tends to do badly in high inflation times so expect lower prices there too. Inflation might ease however, energy prices are falling as more nations react to the Delta variant.
Thomas Sowell: There are no solutions, just trade-offs.
