US stock market needs a catalyst......

 US stock market is facing many issues....

Fed is working on tapering schedule, a negative for US stock market.

Delta variant is playing havoc with new infections all over the world....

Boris Johnson British Prime Minister is most high profile who may be exposed again and is in self isolation

Chinese US tit for tat diplomacy is hurting also

Chip shortage has no real solution yet

Car production is impacted and not recovering from chip shortage

World economies is facing major resistance to working from office instead of online and from home only

Labor shortage has pegged US wages @ minimum $15 per hour already and going higher

INFLATION is playing havoc with world economies, most items are higher priced in groceries.

Oil in $71.81 is adding to cost of everything

All of the above has no solution as of now.....

Stock market hates uncertainty......

Earnings being managed by few companies only....others are using chips, inflation as key reasons to so so guidance.

Delta variant is not ready to peak....thus uncertainty continues....

All I can suggest is to reduce your exposure or to switch to low RSI low PE stocks to mark time

I do not see much changing until we correct more from here

October may be the best time to refocus and go for growth wherever It may be.

SO...stay well diversified so you are protected from sharp pullback in any one sector.....

Every sector currently is extremely vulnerable to a quick 10% downdraft....

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem