The W-shape recovery is gaining traction. By early next year, many unemployed Americans will run out of unemployment benefits. With domestic consumption declining, another round of fresh layoffs is not impossible.

Countries relying on exports to the US market could face demand cuts. The domino effect could be far reaching.

So, the million dollar question is “When’s the stock market going to dip?” If the stock market is 6 months forward looking, then the market should have dipped a couple of months back. But this hasn’t happened. Then,.. is it dipping now?