This Is Just Nuts IMO...
SPY I'm sorry but there's something wrong here. I know people think the feds have got their back but it's a pipedream at best. High Yield bonds/junk bonds move, for the most part, along with the market. The fact that these bonds are selling off and going down & starting to pull away from spy as spy runs away w/out a driver is concerning to say the least. Our market being inflated and spoonfed by the feds & tech.
People say it's bc of the tech ind. which I agree. Kinda overbought u think? Also odd the tech industry is fueling this rally as well - just like the dot com era.
Look at the volume for spy -anyone concerned about that? Fun fact: first 9 days in July average daily volume for SPY = 75.4 mil. First 9 days in Aug = 49.8mil. - Yet nothing but green days. I see on StockTwits "big buys coming in".. really? Where? Trading at half of our volume is considered big buys? That's a bearish sign. If our economy is great why is nobody buying? Because folks were at the top
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I'm an avid metal music lover/ player. Yup I trade as well.
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PREMOSULTRAA : We should still be entrenched in a nasty bear market befitting the worst economic event in our lifetimes, and the mini bubble will ends soon.
70089376 : market bubble. look up gdp and Warren buffet. the number predicts market crashes. when global gdp is over 100 it signals that theres a current market bubble. the number worked to predict the 2001, 2008 and 2018 crash. gdp is currently over 100. SPY will go down. the only reason the markets still running is because of investors hope for receiving federal aid for businesses soon
SmrtTrader OP PREMOSULTRAA : agree 100%. It's funny how quick the run up was and now everyone is scared of that ATH lol. I think we beat it by a penny