Marcus Strategy July 22nd 2021 - The S&P 500 has doubled. COVID beneficiaries rising. Nickel in focus.
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Another good day. The Dow Jones up over 1000 points since Monday. The S&P 500 has now doubled since the pandemic low. The market will not lie down. We note the rise in COVID cases and in COVID beneficiaries in the stock market. A BHP deal with Tesla highlights nickel and Lithium stocks, all of which are flying. We look at the heady heights the S&P 500 has hit but deliver the usual warning, wait for the end, don't predict against the trend.