Too fast and too soon?
I was expecting SPY to hit 500, or SPX to hit 5000 by the end of the year. But if the current momentum continues, we could hit that level quite soon.
Definitely happy to see that happened. But at the same time it does give us reasons to be cautious. Things that go up too fast, can come down fast too.
Remember back in 2021 when almost every other stock was flying?
Definitely happy to see that happened. But at the same time it does give us reasons to be cautious. Things that go up too fast, can come down fast too.
Remember back in 2021 when almost every other stock was flying?
$ProShares UltraPro QQQ ETF (TQQQ.US)$ $Arm Holdings (ARM.US)$! $Financial Select Sector SPDR Fund (XLF.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $USD (USDindex.FX)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $Luminar Technologies (LAZR.US)$ $Opendoor Technologies (OPEN.US)$ $ARK Genomic Revolution ETF (ARKG.US)$ $ARK Fintech Innovation ETF (ARKF.US)$ $Clover Health (CLOV.US)$ $Corsair Gaming (CRSR.US)$
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Successful investing is about managing risk, not avoiding it. DYODD
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razo2 : unlikely. see USD and yield. it is very fishy why moomoo didn't post the 5y bond bidding yesterday. today we have 7y bond bidding.
you see USD holding strength despite yesterday's Canada and EU central banks both agree not to cut rates. tells you one thing this is the bottom for the USD and it will explode higher soon. keep eyes on USD 200MA.