Neal,
This market is running on EMOTIONS and anticipation, and has been ever since the Panic of the pandemic. Despite being raised by a Stock Broker for his 45 years, I'm not an "expert" in the market. What I AM and expert in, is "people and panic". I called it at the end of January and was scared outta my pants. All my "expert" friends and advisors "advised" me to "tie myself to the mast". I argued that I feel a "Doom & Gloom" Panic coming on, and feared I'd be looking back WISHING I had gotten out at 5% down!!! I didn't, and yup...I wish I hadn't listened to the "experts" THIS TIME. To see our portfolio take a 25% hit was more than painful, it literally caused me to wear my a$$-kicking machine out!
Now, all the experts are saying..."who knew this would happen?" Sure, looking back, it's easy to say we needed a correction, and THIS was enough to cause it. But, honestly, this was more than a "simple" market correction (which is healthy).
As emotions are calming down, the standard indicators, such as Earnings Reports and Unemployment, are starting to carry more weight. But, you still have a LOT of impulsive stocks that are going NUTS for little to no reason; like Peleton, Zoom, etc.
The WORST prediction I've heard, came from Davis, the CEO of NIRV...yikes, do I hope he's wrong! What he did say about the RV industry, I agree with. I, too, feel it's going to have a resurgence due to SO many people taking to an RV as a safer form of traveling. However, we gotta remember one big factor, a lot of these people may have lost the equivalent to a nice RV and may have to wait for a couple years for a recovery to bring that money back.
My 2 cents worth...oh, wait...it's now worth only 1.75 cents. ?