US stock market going higher & higher....

 US stock market is going higher & higher is a known fact even to most skeptic trader / Investor

When AAPL & AMZN miss all the estimates and guided lower than consensus, bullish party gets accelerated and we closed higher...

Inflation is rampant worldwide, most things are 100% higher than 1 year ago.....anyone worried NO...not even Fed, inflation could be a "most awaited  transitory phenomenon " using Fed language..

How about " supply chain issues " anyone worried NO... not even most impacted corporations worldwide

How about Quadrupling of container cost, anyone worried NO...not even most corporation.....

How about labor cost which has jumped 25% more for every corporation plus added signing & benefit costs, anyone worried NO....

Oil, Gasoline, Natural Gas @ 7 year high, anyone worried NO

NOT WORRIED because all cost is being passed ON all around, everyone getting ahead with this unique inflation as wages is part of it which equals to ZERO IMPACT.....simplistic math MAYBE

Biggest laggard in this whole COVID-19 phenomenon has been Chinese Stocks as represented by FXI whose current RSI is low low 47.21 and chart looks horrible...any takers?

Guess which is the biggest mover in last few weeks, It Is Solar stocks which is represented by ETF TAN sporting a high high RSI of 72.95

I will also point out that following sector / Index have not made a new all time high SOX IWM and of course FXI

XLE has made a new all time high to surprise of many who did not participated in this Energy gains, most stocks in Energy sector have made new 52 wk highs and may be on the verge of new all time high as we keep going in reopen direction, more oil consumption to rejuvenate energy stock prices..

Another powerful sector post COVID-19 has been Materials which was among the first mover along with stay home stocks, then both sector cooled off but XLB has roared back again, soon it will make another new all time high..

SO complain what you like, but stock market is looking way past " transitory issues " and heading much much higher.....

Please do your own research and find your own comfort level, but it is a " sustained rally environment " which we are being gifted.

BLOG does NOT give buy or sell.

Saleem