Three VERY important things to note and why Bloomberg says S&P500 could revert with a double top in
- Remember its options expiry on 19th. Seperately Bitcoin halving on 20th.
- And thirdly and separately; Bloomberg's intelligence division (BI) put out a note saying beware of a potential reversion in the S&P500 $S&P 500 Index (.SPX.US)$. Why? With volatility this low and Treasury yields this high, it may only take a spark for reversion. Also there's been about $8 billion of gold ETF outflows in 2024 - which shows investors are shunning a top performer, for now.
THIS MEANS protecting for downside is important. Taking profits. And also keeping cash on the sidelines so you can pounce, should markets correct
THIS MEANS protecting for downside is important. Taking profits. And also keeping cash on the sidelines so you can pounce, should markets correct
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