S&P 500 is down -2.8% from the top on 12/6.
Nasdaq is down -2% in the same timeframe.
We could easily see a correction (drop of at least -10%) because people are figuring out there might not be any rate cuts in 2025. The US economy created 256k jobs in December, and unemployment fell to 4.1%. Initial claims were only 201k for the week ending Jan 4.
Commodities are rising again, and economic activity could be overheating.
All signs suggest the January 15 CPI release will be as bad or worse than December's +0.3%.
Face the facts, top deniers. The TOP IS IN.