The higher we go, the greedier, the more leverage, the more players enter. There will come a tipping point where more Bill Hwang's will meet their Waterloo.
possibly. It's good to be prepared for all outcomes. What are you seeing, other than the XLE being a graveyard of new highs? I'm genuinely interested. The sector needs HES to print a new high. Failing that, and I'll be out of my oil positions. At least until we get to 5250 in CL. All that backwardation though. And jnk/ief is doing HH/HL's? It's why I'm positioned long. Finance is about to breakout, across the board. So there's that. RTY to melt-up?
Not lately. It has been severely lagging the past month. SPX: +4.8% NDX:+5.9% RUT: -4.3% that's a 9.1%-10.2% difference. Those are big numbers in 1 month for indices, and not fun to be in the wrong one. While I believe its run will continue throughout the year, it's the only index not to clear it's Feb highs. And as of right now, the SPX is setting up to be poised to take over the leadership position. One could argue RUT has already broken down, relatively. It's at a make or break spot. If it breaks up, it might be a face ripper. Oil isn't helping.
-4.3% and yet.... you fail to mention it's up 50% since last Sep. People need to wake up. We've been in a meltup since last year. It isn't rocket science.
SPX hit 4218 yesterday. My math shows the diff between Polenta's top call and yesterday's ATH is 737 points. Please confirm, thanks.