Climbing to 6129 points
We are seeing a strong S&P index, having gained 4% YTD and closing at a fresh ATH of 6129 points on Tuesday. One driver was heavyweight Meta, the stock gained +19% YTD. But also T-Mobile and Netflix saw strong gains the past weeks.
For me it is a sign of strength, that despite all the FUD around tariffs, inflation coming back and the Fed, being hesitant to cut rates further, the S&P is marking new highs.
Despite the current bullish momentum I still expect a bigger correction within the next 12 months. One reason: We haven‘t seen a consolidation bigger than 5-10% within the past two years now. So probability is rising.
The S&P index is currently performing well and it will good if the bullish momentum continues. Though there shouldn't be a surprise if there's a correction. Meta performed really well.
I also think, that we will see a correction, but til this happens it can still go up.
Time in the market beats timing the market.
🤝🏻
Well... it's not ME. I hope that makes things easier for you to figure it out. 🤣🤣🤣🤣
😂 Thanks a lot for clarifying, Zak. That helps definetely. 🙌🏻
🤣🤣🤣🤣🤣
Wow
That’s a great brand
It’s pumping!