“Behold, the pay of the laborers who have worked your fields, and which has been withheld by you, cries out against you; and the suffering of those who have done the harvesting has reached the ears of the Lord of hosts.”

James 5:4

July and August are certainly not traditional months in which to see steep equity market declines.

Nevertheless, now might be a good time to hide some of your profits in cash, until the SP 500 and even better the Russell can match the bubble high breakout of the Nasdaq 100, which looks for all appearances to have been artificial and designed to extract more wealth from the productive economy.

Have a pleasant evening.