The S&P 500 is at ATHs while the Russell 2000 is still in a Bear Market.
This has never happened before.
The 3 closest instances? πππ
All 3 cases were followed by a rally higher over the next yr with the $RUT outperforming and joining the $SPX at ATHs.
all clear in stocks?
negative sentiment β
growth stocks bottoming + setting up β
bitcoin + eth rallying despite negative headlines β
earnings under promise to over deliver β
sector participation β
no/little trades taken in Q4 2022, not the environment w/1 year GIC@5% and HISA at 4.1%, I'll take that.
on stocks, only MBLY, SMCI looks good for growth, bunch of small biotech, and defense plays like LMT.
even solar ENPH + FSLR look shaky, no position and would need a flush..
Historically speaking, the weakest time of the year for the S&P 500 has been from September 6 to October 25. This suggest we could further weakness over the next few weeks.
Dead cat bounces are a hallmark of Bear Markets. The Nasdaq had 11 of them (>10%) during the Dot Com Bust, averaging a 23% gain over 4 weeks.
$AAPL $QQQ $ARKK $TSLA $NVDA
@tobi Market doesn't want to wait Q4 2023-Q1 2024 for fulfillment
flexport/six rivers has been slow and seems a lot of confusion with the musical chair happening with the head of fulfillment
I get that AMZN took 10yrs but they also have other rev stream like AWS
disclosure:long Shop