Has history ever shown that as a possibility....im not an expert but usually when markets touch back to their historic highs it goes beyond that and even higher...chance of a sell off at that high is literally 0%.
I heard today that the bear market lasted only weeks and not the 1 year plus it usually lasts....that could either mean we surge by a gigantic amount going into the remainder of the year or the markets show us something we haven't seen and a possible 180 degrees straight back down to bear market lows ...thay would pretty much unimaginable The hype is that ai is powering the market rally. No way around it. If ai didn't exist there would be nothing powering the markets. Nothing as this strong at least. Its literally tech leading the way the entire time. It's the same 20 to 30 stocks !!!
After watching the Fast Money Halftime Report where Josh brown said that MTUM has beaten SPY or the past 12 months, I looked into it and MTUM has beaten QQQ as well. That's pretty strange but maybe momentum as a factor is broadening out beyond the top 10 QQQ stocks. YTD SPY 4% QQQ 6% MTUM 14% MTUM is mainly tech stocks but there are some utilities (NRG), industrials (GE GEV HWM) and even 1 tobacco stock (PM).
There's nothing to even say. STOCKS ARE UNSTOPPABLE. You already knew that. We have between now and July 7th of risk free money. All the charts are as bullish as it gets. You have to marvel how powerful this V has been. Since it's bottomed there have barely been any red days.
I was listening to that very show today and saw the difference as well. Quite incredible to see such a wide disparity. Now on the way down what was the losses leading up to the turn around.....
Pce tomorrow should be absolutely perfect. Even if 1 tenth higher markets will still rally...nothing can stop this rally. Fomo is alive and will keep markets in rally mode from now on. Just keep buying the highs because historic highs will continue for years and years. Any pull back of a few spy points will be bought right away...new highs on spy premarket tomorrow followed by significant gains into Fridays close....just keep buying. It's a zero risk free money making market. Tomorrow new highs for the s&p!!!!!
Perfect opening.... Futures up again and keep grinding higher. zero risk Green everywhere.... The entire night futures will trade up. Pce will push up the entire market on top of tonight's gains for an unbelievable record breaking day tomorrow .